RE:RE:RE:RE:RE:RE:PTA's Chairman (Jeff Boyce) added 1,800,000 shares Sounds like a definition of a bond.. in any case, you just made my point.
Yes, it is true each company trades at their unique valuation. Therefore,
a company with a higher set of valuation data takes us over,
then it is likely that the new merged entity may take on an even
higher set of valuation metrics. The discount due to a myriad of
reasons is removed when the lower or cheaper valued company
is taken over.