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In addition, the shares are occasionally traded, and shareholders of Kohler Co. may well, thus, not be able to market their shares or not have the capacity to promote their shares without the need of lack of benefit. This may cause a ‘marketability price reduction,’ which displays the reduce worth of illiquid shares. Could Herbert Kohler use these reductions to defend his valuation? How? How about the dissenting shareholders? How can they defend their relatively superior estimate of the value?

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