Company A, a listed company, plans to acquire Company T, which is also listed.

Company A, a listed company, plans to acquire Company T, which is also listed.

 Additional information is:

   • Company A has 150 million shares in issue, with market price currently at $7.00 per share.

   • Company T has 120 million shares in issue,. with market price currently at $6.00 each share.

   • Synergies valued at $50 million are expected to arise from the acquisition.

   • The terms of the offer will be 2 shares in A for 3 shares in T.

Assuming the offer is accepted and the synergies are realised, what should the post-acquisition price of each of Company A's shares be?

 Give your answer to two decimal places.