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Also, the shares are infrequently traded, and shareholders of Kohler Co. may possibly, therefore, not be capable to provide their shares or not be capable of provide their shares without the need of loss of value. This may bring about a ‘marketability lower price,’ which displays the reduce price of illiquid shares. Could Herbert Kohler use these special discounts to protect his valuation? How? What about the dissenting shareholders? How can they defend their fairly high estimate of the worth?

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