Agree with your comments. I'm still in green for my primary 'investment' holding of ioh but I think this may well be tested over the next week or so. I may even look to pick up a few more if things get really strange.....
Assuming this deal goes ahead (note I'm no longer looking, or expecting, another bidder....) the combined company will have $180mil in cash and debt of $50mil so this should ensure it is able to weather the low io price storm.