The offer is opportunistic in my view and should be knocked back...

The offer is opportunistic in my view and should be knocked back at anything less than 90 cents/share.

Late 2008 MML experienced the same type of offer from a Hong Kong company called Crosby Capital which offered a 21% premium to the then share price of $1.15 (whilst the market was experiencing savage falls). Last month MML peaked at $4.89. I was glad I held on as the price fell after the refusal to accept and I was able to pick more shares up at the absolute low of around 40 cents each and later sold at $3.60.