i have a bit of a different take - in these situations, I usually just sell the shares and move on. If it were trading above the buyout price, another bid would be likely, but it's a friendly takeover and it's trading just below the buyout price. If you do nothing, you'll get a check when the deal closes, but that means it's dead money until then - for several months. With so many small stocks popping up these days, I would hate to have the money tied up that long. JMO.