You escaped just in time to participate in round 4.
My order to buy was executed at $22. And, by the time I got to the computer it was back up to $23. I bought 3 times as much at $23.
The news that apparently caused the plunge today was that EDF announced that the conditions were not right for it to launch a competing bid. That is what I expected. That announcement must have caused all the speculators to dump their stock "at the market". Therefore, we may have to wait for the merger to be completed to get rewarded this time, but that is what I was prepared to do in the first place. But, my oh my, did those first three rounds increase the profitability of the transaction for us.
I got an execution on CEG at $26 and now I am out. The offer to buy at $22 is still in force. Man, this thing (CEG) and my energy trades have simply killed this past week. I don't think my luck can hold up much longer. Now I need some more volatility to the down side. Rock and roll!