It would end up with 51% of the resulting entity.

ECONOMIST: Media

All this is especially troubling, because financial firms will be keen to get into businesses from which they were previously excluded and quickly, because an accounting trick known as pooling of interest, which flatters the profits of the merged entity, will be scrapped at the end of next year.

ECONOMIST: Killing Glass-Steagall

The industry already had a work load compression problem but making the default entity choice an S corporation with a December year end made the problem intractable.

FORBES: I Grew Up With The Internal Revenue Code of 1986 - Will We Retire Together ?