Just my opinion, these are the possible outcomes and chances.
40% - Board negotiates a better deal ($3.65-4.30)
40% - Board accepts this deal
20% - This deal falls through, no other deals appear. Price hovers around the $3 in the short term but given 1-3 years share price will exceed any high end bid that will appear right now
I see a lot of people saying Vocus is worth more than $3.50, or $4, or $4.50. I agree with them but it will take time to prove a value of $4+ and I can't see a bid coming in at that level. If willing to hold for a long time the best outcome would be the board rejecting the offer and being allowed to fix their situation. Any takeover will rip those synergies apart which has less value.
VOC Price at posting:
$3.48 Sentiment: Hold Disclosure: Not Held