If he bought it, and decided to go private, you would be paid out at the agreed upon share price. In this case, he's offering $54 a share which is well above what it's trading for (around $30 a share). The whole thing is about to turn into chaos. The board just enacted a "Poison Pill" policy, which will stop the take over temporarily, but leaves the entire BoD open to being fired and sued by the shareholders.
Most people are other people. Their thoughts are someone else's opinions, their lives a mimicry, their passions a quotation. - Oscar Wilde