rightsIm new to this board but have a substantial investment in cos.A lot of the parties have argued .25 shares is a fair price however with the poison pill implimented SU will be will forced to pay a premium to .25 shares because they will have to purchase more shares that were discounted to the share holders.Lets say the discount will be 30% with the rights plan in place. That means there cost will go up by 30% .A 30% increase on an exchange of .25 will be close to the original offer of .32. Im saying su is prepared to pay this or more and continues to make the offer even with the poison pill in place Williams is just playing hard ball just to jerk the cos leadership around because he can. In otherwords dont tender your shares at .25