Sorry I really don't get the deal. So we have choice but to take the $13.50 and leave? Why we don't get equal market value CBST share like Linn/BRY deal? If cash offer $13.50 is done, then game over, why wait until later?
Initially dilutes the value of the Cubist shares. Also, Cubist has access to funds without doing a merger. Can even afford two similar simultaneous deals that they think will short term be accretive to Cubist's earnings.