table of contents hologic , inc . notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) cytyc , headquartered in marlborough , massachusetts , is a diversified diagnostic and medical device company that designs , develops , manufactures , and markets innovative and clinically effective diagnostics and surgical products . cytyc products cover a range of cancer and women 2019s health applications , including cervical cancer screening , prenatal diagnostics , treatment of excessive menstrual bleeding and radiation treatment of early-stage breast cancer . upon the close of the merger , cytyc shareholders received an aggregate of 132038 shares of hologic common stock and approximately $ 2094800 in cash . in connection with the close of the merger , the company entered into a credit agreement relating to a senior secured credit facility ( the 201ccredit agreement 201d ) with goldman sachs credit partners l.p . and certain other lenders , in which the lenders committed to provide , in the aggregate , senior secured financing of up to approximately $ 2550000 to pay for the cash portion of the merger consideration , repayment of existing debt of cytyc , expenses relating to the merger and working capital following the completion of the merger . as of the closing of the merger , the company borrowed $ 2350000 under this credit agreement . see note 5 for further discussion . the aggregate purchase price of approximately $ 6156900 included $ 2094800 in cash ; 132038 shares of hologic common stock at an estimated fair value of $ 3671500 ; 16465 of fully vested stock options granted to cytyc employees in exchange for their vested cytyc stock options , with an estimated fair value of approximately $ 241400 ; the fair value of cytyc 2019s outstanding convertible notes assumed in the merger of approximately $ 125000 ; and approximately $ 24200 of direct acquisition costs . there are no potential contingent consideration arrangements payable to the former cytyc shareholders in connection with this transaction . the company measured the fair value of the 132038 shares of the company common stock issued as consideration in connection with the merger under eitf 99-12 . the company determined the measurement date to be may 20 , 2007 , the date the transaction was announced , as the number of shares to be issued according to the exchange ratio was fixed without subsequent revision . the company valued the securities based on the average market price a few days before and after the measurement date . the weighted average stock price was determined to be $ 27.81 . ( i ) purchase price the purchase price is as follows: .

Table:
cash portion of consideration | $ 2094800
fair value of securities issued | 3671500
fair value of vested options exchanged | 241400
fair value of cytyc 2019s outstanding convertible notes | 125000
direct acquisition costs | 24200
total estimated purchase price | $ 6156900
source : hologic inc , 10-k , november 24 , 2009 powered by morningstar ae document research 2120 the information contained herein may not be copied , adapted or distributed and is not warranted to be accurate , complete or timely .
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Question: what is the estimated fair value of hologic common stock?
Answer: 27.8
Calculation: divide(3671500, 132038)