IF a buyout has been negotiated and agreed upon by management, I doubt if anybody here -- even the whole board -- can stop it. And, I think many on the board will actually accept the offer.
But the scenario is moot. Because, OF COURSE, anybody can sell and then buy back later, if he thinks it will go much higher. Nobody can prevent you from buying back after rethinking, even if you lose a couple of hundred shares' worth of money in the meantime. Especially since the stock price will not shoot straight up anyway, but will certainly have a lot of pauses.
Forget about poison pills-will not come into play. Any buyout will be negotiated and agreed upon and I believe will be beneficial to both parties. An interesting question to throw out on a long weekend-HOW MANY HERE WOULD TAKE $70/SHARE-basically a double from today's price-if it was offered now?