CARE: sell or hold post acquisition news?

The only benefit to holding would be if you feel a larger player is going to come in and offer a higher price per share. Considering the relationship Sunlife has with Dialogue and the premium that was offered, I'm not sure I see this happening. Small cap stocks are beat up, and I'm not surprised to see a major player come in and scoop up an asset like Dialogue on the cheap. It had a lot of runway in terms of growth and Sunlife is looking to take advantage of that.

Two options. Sell now, or hold it and hope that someone else comes in and says "we'll pay more". The chances of the latter I think are very small.