PCG wrightson advisers nuture rivals to Elders in take over play

Today (July 3rd 2018), on page 18 of the Australian, the DATA room has a piece on PGG Wrightson (New Zealand's largest agricultural services company) being taken over by Elders.

"the expectation is that it's bid will come in at the end of this month close to NZ600M ($A549M) as revealed by DATAROOM"

The current Market Capitalisation of PGW (https://www.nzx.com/instruments/pgw ) is NZ498.20M with a PE of 11.6. according to https://www.nzx.com/announcements/309451 "PGW is expecting net profit after tax to be approximately 30 percent lower than 2017."

Since this is a fire sale, with Agria corporation having to sell 50% I personally think they are dreaming if they think they will get NZ600M for the company. More details on https://www.nzx.com/announcements/312968

On the the other hand, I expect such a merger, would finally see Elders in the ASX200 with approximately 4000 employees. Could this be an opportunity to merge the companies and use economies of scale to increase profits for shareholders?

What are your thoughts?