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Spreadsheet for product 9B06N014.

United Grain Growers Limited is a grain handling and marketing business with elevator storage capacity in Alberta, Saskatchewan, Manitoba, Ontario and British Columbia. The head of investment at Scotia Capital Markets must make a recommendation to his client regarding the fairness of a hostile offer to purchase the shares of United Grain Growers. He must consider a number of issues such as determining the value of the company using discounted cash flow analysis, value synergies for the company if it were combined with a number of alternative suitors, analyse the potential gains to a merger and analyse data on comparable firms and transactions allowing for a traditional ratio-based valuation of the company. There is a case supplement (product 9B00N021) that describes the outcome of this bid.