What is the incremental value to shareholders of the cost savings (synergies) projected in this merger? How will the value of synergies be shared in the proposed transaction? (Tax:40%, Discouunt Rate:11%, Year 4 cost saving: 350B, after year 5: perpetual growth rate 3% cost saving)
Year 1 Year 2 Year 3 Year 4
Restructuring Cost -400
Synergy Saving 125 250 350 350