Generally, if it was a takeover, you would expect an offer above...

Generally, if it was a takeover, you would expect an offer above today's price. A premium so to speak.

You and I can sell out at these high prices, however large shareholder would dramatically depress the share price if they did the same.

A takeover offer at these prices would allow large shareholders to accept a very good price for all their shares. I'd only be speculating to suggest what share price the large shareholders would be willing to accept.

It's all very exciting!