From: jeffrey E. <jeevacation@gmail.com> Sent: Tuesday, April 4, 2017 8:58 AM To: A. de Rothschild im trying to envision what a merger would look like. =. it appears to me that though they are a around 2=5 times your size, their earnings are around 12 times. . so stock f=r stock would dilute the earnings. . complicated . =C2 please note The information contained in this communication =s confidential, may be attorney-client privileged, may constitute in=ide information, and is intended only for the use of the addressee. It =s the property of JEE Unauthorized use, disclosure or copying of thi= communication or any part thereof is strictly prohibited and may be=unlawful. If you have received this communication in error, please noti=y us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeeracation@gmail.com> , and des=roy this communication and all copies thereof, including all attachment=. copyright -all rights reserved --001a11c03f6292c2aa054c5379c3-- conversation-id 48795 date-last-viewed 0 date-received 1491296289 flags 8590195713 gmail-label-ids 7 6 remote-id 701734 1 EFTA_R1_01901360 EFTA02655958