A takeover would be good or bad depending on your expectation.  Some would be happy to see a 200% increase in SP.   Would you?  However, who could say what the offer would be or what the SP would rise to in anticipation of the takeover?  My concern is that the sooner it happens the less of a satisfactory deal we would have, therefore, the longer it takes the more value we would accrue, in theory, and the better the deal would be.  It would certainly be in the interest of the takeover company to get in as soon as possible, however, they would certainly be doing a double DD before they make that kind of a move.  Perhaps it is this that will buy the time.  The latter comment I know is also shared by other posters.