But everybody knows that pooling-of-interest accounting, which tends to inflate reported earnings after a merger, helped encourage the conglomerate craze of the late Sixties, and that changing those rules made conglomeration much less attractive.
And the frustrating issue of blocked overseas inspections is being chipped away at, albeit too late to encourage warnings or prevent Chinese reverse merger frauds.
We would also expect to encourage (but would not require) the MD Investors (as defined in the Merger Agreement) to participate in our transaction by rolling over equity held by the MD Investors.