If he's a buyer, wouldn't he want to get it for a lower price? To pay a 45% premium might be consdered foolish. Company is clearly struggling right now and it's difficult to see how it'll right itself. Tomorrow's earnings may well be dismal and send BBY much lower. $20 sounds awesome but seeminlgy unlikely.
Most takeovers go for 30% to as much as 70% premium. So even if BBY is at $14, it can go for $22 easily. Besides that, I expect BBY's stock price should perk up tomorrow especially if they beat the low Est. of $0.12 EARNINGS. Tomorrow is a very special day for BBY shareholders. Good luck all the LONGS.