I don't exactly know what you're asking....so I'll address the offer price issue with my own thoughts since reading the news article.

I don't believe this price will be accepted by the shareholders....it is way too cheap.

The premier players in this industry are selling at 3 times BV....this offer is at BV(once you take out the cash currently in the coffers)....A company with a 25% growth rate, 18% ROE, no debt, majorally postive free cash flow, should at least be priced where the P/E matches Growth Rate....Current P/E is about 7.5....another indication that the price offered is way too low.

I have played this stock several times over the years and made money on it all the previous times....this time I got in several months ago at 13....by the time I read the news of a purchase at $10-12/share, the price had already dropped.

I figure the offer puts a floor of $10/share under the price, and I now have almost nothing more to lose by waiting a bit and seeing what happens....I risk a little time value of money to gain a better offer, or JWG continuing to do profitable business independently.

Timba