Okay, now we're really getting confused. The absolute per-share stock price of STI, BBT or any other stock has no significance. What counts is its total market capitalization -- the total number of shares outstanding times the share price. (Management can always manipulate these two variables by splitting or not splitting the stock, but at any given moment they will produce the same result.) It so happens that STI and BBT have market caps of about $20 billion. Quite literally this means the market for whatever reason thinks both companies are "worth" the same thing. I'll let others take the analysis from there, since you can draw a number of interesting conclusions depending on your marketplace viewpoint.