Subject: Re: BN and BAM valuations
'On 12/9/22 the closing price of the old BAM, now BN, was $34.88/share'

Oops. That's per Yahoo, and it's incorrect. The closing price of BAM, now BN, on 12/9/22 was $45.13/share, for a market cap of $74.0B. That's still lower than the combined market cap of BN and BAM at the open on 12/12/22 of $59.3B + $38.4B = $97.7B.