Given that the CEO has said he would consider selling part if the company, it is highly probable that the deal is already done, since he presumably wants to keep his job for a little longer.
The question is how much will they be offering for my shares? I can't imagine the deal going through for less than $1 a share, given the unique products and moderate (in the scheme of things) debt. Unfortunately, the debt could become crushing if they are forced to pay usary type rates to get it...
The real news will be when the Christmas sales numbers come in.
UMC shares worth - $90 million (but not accessible to SBLU immediately).
Other salable assets?
So $245 million debt to buyer minus other salable assets. Add in worth of company's business lines to a major player in electronics (current/future ReplayTV subscriptions too). Start to get a picture of cost of buying SBLU entirely.
I can name many stocks that were trading under $1 and had buyouts that were less than the current share price at the time. Ibem is one example and there are many more. Don't assume a buyout would favor common shareholders. You are low man on the totem pole.