I sold what I could between deal announcement and the price falling below $74.50. Tough call now. Holding is dead money. Deal unlikely to fall through-Higher bidder unlikely in time frame. Sale clause prohibits HME paying dividend beyond minimum REIT requirement until deal closes. This means holding with minimal dividend for rest of year. That is probably why stock has fallen. The discount to purchase price is only compensation to hang on until close.
Private buyer is likely to get more value by leveraging up to eliminate taxable income. Deal may fall through if interest rates rise enough or economy weakens enough, but this is unlikely.