Read the room, Sabine.
You are the only holder here who supports the merger at 12:1 (apart from a few AVL holders from over the fence who have decided to come here and post.)
I honestly haven't come across anyone who only holds TMT and is supportive at 12:1.
Mergers are generally done at about a 50% premium. 15 or 16 is fair and I'm not sure why you don't realise this.
Ann: Merger Presentation, page-384
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