Mergers and Acquisition

How Combined value of A&B= Combined PAT x P/E Ratio?
Can anyone please explain because
Combined value should be Post merger price x Combined no. of shares
Replies (3)
By both formula u derived the post merger value.... Break PAT *P/E RATIO..... P/E RATIO =PRICE/EARNINGS..... AND EARNINGS =PAT/NO OF SHARES..... AND THEN U ARRIVED AT PRICE *NO OF SHARES.... both formula is same
who is better Praveen Jindal or Sarthak Jain ?
Please reply asap

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