Two things here:- GS are playing the arb game. At me stage since...

Two things here:
- GS are playing the arb game. At me stage since the announcement has BRB traded above the 2.82 price. They buy BRB, sell RMS knowing full well they are licking in profits along the way. Not buying to force a better offer.
- Let’s say the bid undervalues BRB. They are not settling for cash but for RMS shares. So if you accept y ou hold RMS. If RMS are getting a bargain, you as an RMS holder will benefit.
I really do not understand why anyone would hold out now that RMS has control. I for one accepted the offer once they had over 50% as they will control the board and the share registry, if the deal does not go through and you would not want to be a BRB holder in minority.
All of course in my opinion.