You are crazy if you think the investors who will be rewarded with the warrants @ $66 and the fact IDCC is on the block are not intertwined.
Me thinks these investors already knew a buyout bid was coming and they aren't getting involved to just make $5/share profit.
BTW: I want this deal to get done now as my 2 main positions are long IDCC and also long TZA (3x short Russell) since I am not positive on the equity markets in at least the short - intermediate term. I would love for IDCC to get sold @ $150 and then wait about 45 days to get long several other stocks.