In the end, if it was decided that MKO should be merged into EAR by TKO the independent valuation will be the determining factor of the scrip deal and the largest component of this by far will be the plant's value, and that of associated infrastructure (eg camp).
The EAR register is now very pro merger, Kohler's interest being the only remaining issue though thats becoming a smaller one with every passing day as more and more shares are sold to pro-merger investors.
Cdchi1
In the end, if it was decided that MKO should be merged into EAR...
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