If it does happen, CREE will hold out for much higher price. They have over 500+ patents that don't expire until like 2027 or something like that. They are so diversified throughout the LED market (TV's, phones, computers, light bulbs, parts, etc) they know they will be at the heart of LED growth regardless of what part of the sector does well (which will likely be all of it).
CREE is going well North of $100/share in the next 12-months. Let's talk buy-ou then.