WOW.
The lazy, screw the shareholder approach? If you feel screwed, then sell first chance you get. Not being flippant, really do it. Why stick around if the board is screwing you? Money where your mouth is, don't just vent on a website.
$85m is a ridiculous amount to spend on this company? Hey Schapera, Varano et al, all your due diligence for more than a year, all your previous success and business acumen and all the legal and business advice and consultations over the course of the year are worthless. Unicornmilk says you've been dudded. He's cast an eye over the deal in the past few days. It says so right here on HotCopper.
(20min delay)