Ann: Merger Presentation, page-25

No, its not a perfect deal for TMT, anything but. TMT had the better project by a long shot, whereas AVL's was on the ropes. TMT are supposed to get 42% of the whole entity going forward, but I can see straight away that control of the joint project appears to sit with the AVL management. Only 1 TMT director will join the BOD, the other 5 will be from AVL. Its a disaster for TMT shareholders, pure and simple.

All IMHO, DYOR