If a deal is happening it is happening tomorrow after whoever is the real power behind the bid decides to accept whatever FL has got on the table. If not, it is dead. It only means that whoever else comes in will have to accept the deal instead, whatever it means for SFC.
FL don't negotiate, they never have, so why would they now? Whether that makes the deal unfair, unjuste or even illegal, that's it. They know how to get what they want and they have all the power, and Pinnacle has none. It isn't right, but it's the truth. There is, I think, a possibility to sign the deal and then sue them for unfair business practices, but it's a long shot.
I had promised to eat my hat if they changed their mind. I'm putting the tasty old thing away now. The end is here, take it or leave it!