I would love $18, but doubt the offer would be more than $16. The fact that the 52-week high is $16.93 tells me that the offer will be less. A promising new company will usually receive an offer above the 52-week high. SPLS isn't new or growing. They are, however, the #2 e-retailer.
Bain will want a good deal, but can't offer too little without instigating dozens of shareholder lawsuits. That's why I believe $12 or $13 offers would be ridiculous.
I expect that we'll find out before year-end, hopefully this month. In any case, I'm long, with or without a buyout.
Sentiment: Strong Buy