Most existing shareholders want to take their money off of the...

Most existing shareholders want to take their money off of the table and are willing to forgo the additional 4.8% as they would have to wait until March to obtain the funds. Plus there is also the outside chance that the takeover could fall through, so for the sake of an additional 4.8% many would be willing to just cash out.

I wouldn’t be surprised if some special event fund managers were buying to take the 4.8%. If you annualize the figure, you get a nice little return.