Newbie abritrage question, page-5

A strange/weird logic. Where would you get this '30% chance of serious(what would be not serious) takeover bid' ?
And then suggest HZN would 'probably win out' anyway? Is this a merger or a takeover from HZN? Appears like us ROC holders have been royally shafted if this is so. Oh, but you did add that ROC would drop 5% and HZN increase by the same if 'the merger' doesn't go ahead. Well I can only bow to you my fortune teller.
Why anyone would suggest selling ROC with, admittedly, incomplete offers on the table is quite weird IMO. TWO potentials !! Screw the ROC board and their ,equally weird, support of the merger. They have an obligation to look at all offers and come to a recommendation on behalf of all shareholders.
I'll be waiting for a while before taking action. And 'the merger' does not jump out to me as a best option.