my reaction to merger with asl

Have just read through the proposal and reckon this is a merger that makes enormous sense. It is a win-win and the combined entity will have enormous strength, mkt presence with multiple blue-chip clients in gold, IO and coal along with civil work at Gorgon. ASL will sell consumables to BDL and buy truck bodies from BDL.

So who is the bigger winner? IMO ASL gets the better of the deal. However, i will accept the offer from ASL as feel:
1) BDL has little alternative to reject merger and risk biggish drop in SP.
2) By accepting merger... BDL holders avoid CGT That alone is worth about 20%).
3) Although 9.5c is too low no other company (except possibly UGL is likely to make a TO) so better to accept the merger deal knowing the 'new ASL' will be very low debt and profitable company with exposure across 2 continents.

ASL is about to sign a monster deal in Tanzania with Anglo Gold. This will add 10-15c to ASL SP. I have held ASL for years and it's a 1st class company.

My reaction: To accept the merger knowing new combined company is very likely to prosper. In summary: a sum greater than its 2 parts.

What do other BDL shareholder's feel? I reckon ASL holders will be stoked.