You might also want to see the testimonial by Churchill Downs since it addresses this issue of using PI as a tool in M & A. You can find it at www.predictiveresults.com under"Testimonials from Senior Executives".
As a Predictive Index consultant covering Florida I'm thrilled to see how you are using PI. The article failed to mention that PI has 50 years of validity studies that map PI patterns to specific business metrics. This data can be valuable when analyzing candidates for specific positions.