SYMC BOD may have to increase the ratio from 1.1242 in buying VRTS shares to compensate for the lower real price those shareholders will now be receiving as SYMC has dropped in price. There are many unhappy posters on the VRTS message board who now feel they are getting screwed, since the SYMC price has dropped. From everything I have read JT really wants to do this deal, and BOD's usually go along with the chief's wishes.
Best course of action is to do nothing. Dont give VRTS any more shares and simply complete the deal. I am a long termer...however, if you give VTRS shareholders more shares it dilutes my potential upside. Let them whine.
scientist_guy. Suggest you ignore snugly, the guy obviously does not know anything about M&A. Share exchange it locked in the accepted offer. Only way that will change is if another offer is made for VRTS and accepted by their BoD. Of course the would entail paying SYMC the break-up fee.
Of course, VRTS BoD can break the deal anytime they wish (paying fee) or VRTS shareholders can vote down the deal and be auctioned to one of the other companies that did not want to match or exceed the SYMC offer.
snugly should stop wasting his/her time - and everyone elses.