Yes, I agree, some people will blow quite a bit of money with lawyers suing a multi-billion dollar corporation over a 100% legal sale in Delaware courts. Sounds like a great use of time and money, if you are Gary Aronson. For the rest of us, who don't have tens of thousands of dollars to spend suing over an 8.50 tender price, tendering is the 100% right thing to do. Almost none of the shareholders are fat enough cats to waste money fighting such a futile fight--if there were so many rich shareholders, they would simply have bought up enough positions of the company on the open market to have had leverage over its future in the first place. The only certified major shareholder we know of is Gary Aronson, if Gary is suing, good for him, probably going to come to nothing. Can someone do a public filing search and see if there is any evidence that so many shareholders actually have attorneys and are actually suing in Delaware courts for appraisals? There needs to be empirical evidence, because anyone can easily find out that it is an expensive thing to do indeed with a high probability of failure.
