Hahaha, this topic is just becoming funny.
Bearcat, in fairness, if I was a EI shareholder with any signficant number of shares I would cosider selling them at €1.40. €940million has been wiped off the value of EI (by share price) since the last RYR take-over bid, and the trend is still further downward.
At the time of the last takeover attempt, RYR offered a premium over the then share price and that raised the shares to their highest values seen since the original share offering. The shares have only tumbled since. As a sahreholder now I would be considering whether the premium now being offered is actually worth selling for, and given the EI outlook, and current business position (which requires the shareholder understanding the mess the business is in) then I suspect the shareprice will drop heavily again if the bid is not succesful.