So, analysts stated the drama with Rogers is highly unlikely to impact the deal with Shaw. However there is no doubt the market is factoring in some doubts of the deal going south. This is why the offer price is $40.50 but Shaw is trading in the $35 range.
This is a very difficult situation for those to be in. If you sell now and the deal goes through you miss out on $5 a share. But if the deal does fall through, Shaw shares are very likely to plummet.
If the deal were to fall through, the likelihood of Shaw dipping down to its pre-purchase pricepoint of $22 is not out of the question. To gauge how guaranteed this deal is amidst the turmoil is impossible. So, holding out for that additional $5 per share is not without risk.
Obviously the choice is yours, and yours alone. But, you very likely want to know what I would do, and that is sell. To me, the risk of potentially seeing it fall back to the low $20's on a fallout are not worth it to hang on for $5 more a share.
If I sold and the deal went through, I'd shrug off the $5 per share I lost. I still profited. But if I didn't sell and the deal fell through and I was back down at $22, that's a hard one to shrug off.
All depends on your risk tolerance!