trading well below takeover chance

trading volume is virtually zero of late and the share price is now down to 2.11 and the possible takeover is at 2.7 i think from memory.
any thoughts of SP reaction if the deal doesnt go through? I assume it will go down, which is frustrating becasue even before the offer the SP had been rising very nicely for 6 months.
Personally id prefer the deal not to go through as i think NLX has finally turned the corner and will produce some very strong results this year.
any thoughts??