Thing is tho they both look undervalued if you consider someone...

Thing is tho they both look undervalued if you consider someone was prepared to pay $33 just for PPT then the combined entity must be worth something,. the question is will it bleed like MFG and PTM have with the move to etf's and index funds. and what costs can they cut to create economies of scale in the merged entity. not sure there is a similar culture in both . but if you had told me you can have Perpetual and the old BT Funds in one entity a few years ago id have jumped at it!