“Best Buy and Dell are losing share fast," says Macke. "They’re worth more private to these guys—Schulze and Dell—than they are in the public market…they’re not going to get a better white knight. In both cases the boards... the shareholders and the big institutions got too cute and now they’re going to lose the entire deal."
That's it coolstarsky. stock buyers, including institutional buying groups, should understand they are responsible for their actions. If one pays too much for a stock then it is their fault and they may have to take a loss. Simple as that, really.