Penny - I naively thought (hoped) that MRGE would be acquired immediately after the deal announcements. (Take any "sell" decisions out of our hands). It's become increasingly clear that we'll possibly see two or three separate announcements over time. The game theory and stock price action will be fascinating to watch and participate in: Do you sell any, some or all after the first announcement? After the second announcement? If you're willing to share, how many announcements fit into your 85% to 90% probability?