PLS takeover CXO

If the CXO assets are worth far more then current market capitalization surely now is an opportune time for a takeover. Personally I would be happy with anything approaching $1 a share. Like everyone I am completely pissed of with management. (conducting a CR when the share is at 52 week lows - they knew this was coming and the share price was around $1 a month ago; management leaks like a sieve witnessed by the massive shorting for the last 3 months). PLS could make a share/script offer with he loose change in their pockets (they have roughly 3 billion in free cash). CXO would then have competent management which I would be happy to pay a premium for (i.e. accept a takeover price less then what the assets are worth). Admittedly I have a bias as my current PLS holding dwarfs my CXO holding in value. But I do believe CXO assets are worth far more then current market cap but have no faith that current management (including board of directors) have the competence to deliver while PLS have. Frankly I would accept any low ball offer PLS made.