Carl,
I promised myself yesterday I was going to stay out of this debate but like the proverbial carrot on a string in front of the horse, I've got to just mention this.
We are equal in terms that we were both fairly well positioned separate companies that could have survived with out the merger. But as far as the rest of it goes (DOH, equipment, etc)......isn't that why we are having these debates?
If we were so equal, a straight ratio would work wouldn't it? Then there would be no need for fences or anything else.