@keithcol @UPsideDOWNturn @fatman70 Got this in my email a little after midnight from TD Ameritrade. 272 pages long. I misunderstood PEDs objective. I thought they were offering cash for PER shares at 4/10ths of PED share price at closing. Instead, PED is offering 4/10ths of a PED share for each share of PER. So we would own PED stock after the exchange. Factor in that after the merger, PED share price will go up and it looks like this is a decent deal. Better than Avalon/Montare trying to destroy the trust. Offer expires end of November. I would hold off until middle of November before making a decision. See if Montare decides to stop playing stupid and makes a counter offer.