Question: Mergers and Acquisitions. Target (Pharmaset) Valuation Pharmaset's management would be open to the sale in the valuation range of $ 20 to 24 Billion. Please estimate Pharmaset's value to Fosbeck, if it gets acquired. Recommendations Upon reviewing Fosbeck's choices, what project(s) would you recommend? if it is in that range, please go into detail.