The upside in M&A tends to be measured over a number of years. Conversely, the downside is almost immediate cataclysmic disaster.
Don't know the firm they used for advice. But you never hire a brain surgeon with a big mortgage who works on commission.
To compound the problem, management can't keep their mouth shut. Each utterance, is on average, another 7% erosion of stock price.
I don't think folks are rooting for the companies' demise. But they are rooting for management to be removed. They should go back home and have a nice dinner at the Silver Darling in Aberdeen.