what should be allowed is the ability to sell his shares to other interested parties, not only the Company itself.
And no, I do not see it as a classic buyout but more a stock-for-stock merger.
Unfortunately, they said first that there would be a choice: cash-for-stock or stock-for-stock...and they said that the cash offer could be big, very big.
Now there is no choice... and you have more uncertainty.
If a blue chip merge through a stock-for-stock with a smaller Company, the owner of the smaller Company knows what they will receive and can make a rational decision.
Here... it will depend of the level of transparency, historically so low,...