that is the question. I got out a week or so ago at about this level, after I read the proxy and my disgust level rose to the point that it was no longer bearable.
With perfect hindsight something like this happening was pretty predictable. Doc and his minions put together a deal that screwed the common shareholders completely, but they forgot one very important point - the people taking the screwing were the ones that were needed to approve the deal. Of course, as has probably been posted already today, there's no guarantee that the BOD will let it be voted upon, but the failure to do so IMO would be so blatant as to destroy any legal defense they might possibly have.
Haven't decided what to do yet, but regardless of whether I get back in or not (after the last 9 months as a shareholder I can't believe I'm even considering it!), kudos to Pacific Life for standing up to the Wall Street sleaze machine.