merger with subsiduary

so any comments on the proposed merger with the subsiduary Allco

they say they have to issue 85m shares or so, therefore that =$935,000,000 for another $50m of profit which is a return on your money of 5.34% ... a bit ordinary in my books ... maybe theres something I'm missing .... although the divi pay out ratio is dropping in future yrs ... so maybe I'm right

RCD will change their name to ALLCO finance group ... so HC will need a new code