COUP taken private

Hi all,

A while ago my favorite stock (Coupa: COUP) announced they were taken private at $81. We can discuss if this is a fair price and whatnot, but my question is why is the stock so very stable at ~$79?

Risk associated with this, sure. But when Twitter was going private the stock moved a lot more. So either this is a done deal which should be priced at 81-cost of capital until delisting date or it’s not a done deal where I would expect more volatility.

What am I missing?

Thanks.