PVR was worth $22-23. You are getting a $3 premium with a cash payout....if you are still greedy about it, then vote against the merger and see how well PVR shares will fare.
If 9% yield was sustainable, why would PVR sell itself? They don't want to have your divvy cut before they can sell itself, because a divvy cut will drive the sp even lower, and PVR only can sell itself even cheaper.
Actually, I think buying PVR is a bad deal because I own RGP. If the deal falls through, then RGP sp will return to where it was before the announcement today. I rather not suffer a 9% loss for PVR, because there are better acquistions to be made.