I never said acquisitor does things this way. Of course they wont - they wont toss a figure out there and then alter it willy nilly. Of course a team goes in and does evaluations and you start with that number. But until the deal is sealed, there is no "single" price - as anything in the financial markets - something is ONLY worth what someone else is willing to pay for it. So until you actually have someone pay for it - any "price" anyone tosses out is just an opinion - unless that "anyone" is an actual buyer. My point was simply that your figure of 100 billion is also that - an opinion - until another party actually does annouce a bid and we see the subsequent market reaction AND we see the deal close, its really just a rough guess.