I held SKE when PRG made the approach earlier in the year and...

I held SKE when PRG made the approach earlier in the year and was quite keen for the merger to go ahead then. When it went nowhere and SKE's share price started to go backwards I decided to get out. I was interested to get back in when it all started again, but the way the SKE share price has exploded in the last couple of days really worries me. The increase is presumably based on the presumption the merger will go ahead, but as madamswer has pointed out, there doesn't (on the face of it) seem to be much in it for PRG shareholders if SKE gets the deal some posters are talking about. So two possibilities emerge as far as I can see: 1. that a much lower offer is made to SKE or 2. the merger talks fall over again before they go anywhere. In either case the SKE share price would collapse again. All in my opinion, of course. Just interested to watch this one from the sidelines I think!!