What are the risks / downsides to declining the offer? If I decline the $3.85 per share offer and a better offer is not made / the lawsuits are dismissed, I would still be eligible for the $3.85 offer, correct? Thanks.
Yes, you still would be eligible. If the deal is finalized, then there is no other option for you. So no real risk to decline it. I think it just decreases the chances for the deal @ $3.85 to be fully approved, but I am not sure. I really don't know what the benefit to declining it really is.