definitely, they're trying to get the best conversion rate possible probably. I for one would laugh if the company decided to release a pr saying "just kidding, we decided to pass on the proposed offer since we're actually doing just fine & dont absolutely have to grow as fast as we anticipate"
You guys mostly know me and I am long also. I must admit my jaw dropped and I was breathing through my mouth for a while this morning. I am going to sell my IBM shares to buy more when I can breathe again.