my understanding- may not be correct:once you accept offer your...

my understanding- may not be correct:
once you accept offer your shares are gone, ie if higher offer comes too bad
if you don't accept and Peabody takeover proceeds (they only need 50% of shares) you will end up with shares in the new company which will trade at whatever market price is (most probably lower) and there may not be as much liquidity to sell them