RMS take over, page-244

Big assumption that the closing price on any given day plus 30 or 40% would shake loose enough shares for a TO to succeed in the case of SPR ... plenty of holders will be hoping for much greater increases than that over the next couple of years. The reasons why "RMS better be quick" are the reasons a TO would probably fall way short of 90% acceptance, seems to me.

Other than a quick profit for traders, what would be in it for holders? What problem does SPR have that a TO by RMS would solve? I don't buy "quicker production" ... merging companies is non-trivial it is the last thing you want management and workers caught up in at this stage of development.