Stock PriceI dont see the buyout price as being totally independant from the present sp. The current sp, wheather today or in 3 weeks , will have a direct impact on the buyout price. Companies or shareholders will not accept a lower offer than the present day sp, the upcoming NRs will determine what the market/investors think the company is worth as a whole. Once the market has determined a price, if TCK processes with the buyout at any percentage, we as shareholders will be getting a premium from the current day sp.
I do think that management is not too concerned with day to day sp movements as they hold the key into any final offer anyways.