Merge references are not correctly handled

[cobalthex]

---
defaults: &defaults
  A: 1
  B: 2
mapping:
  << : *defaults
  A: 23
  C: 99

should parse as

mapping.A = 23
mapping.B = 2
mapping.C = 99

but instead parses as

mapping.<<.A = 1
mapping.<<.B = 2
mapping.A = 23
mapping.C = 99