You're welcome kingpindg and thanks for bringing this comment of the 4.9% of O/S limitation. I think you are right and there was a misunderstanding from my part on that specific point. As you mentioned, the 4.9% of O/S limitation is not a one time thing.
Fortunatelly that doesn't change at all my opinion of this deal being excellent and much better than Andrew Garnock's.
I will adjust my analysis and post it again.
Thank you for the constructive comment and thanks all the others that posted kind messages regarding this analysis.