Long 2 RHE-A, Short 1 RHE.
RHE-A holders deserve more value, so I will also vote "no". A more favorable deal will create dilution and RHE should decline in price. However, nothing is certain these days.
Ivan Boesky did one think right. He wrote a book, Merger Mania: Arbitrage, Wall Street's Best Kept Money-making Secret in 1985.
Needless to say, once convicted, Holt Rinehart & Winston pulled the title.
I lent my original copy to a college buddy. He never gave it back. He eventually became a successful money manager. I eventually found a copy at at used book store.