How should one respond to a tender offer that is not accepted?

Lufax Holdings Limited is a leading small and medium enterprise owner financial services provider in China. It announced a mandatory unconditional cash tender offer by Morgan Stanley on behalf of joint offerors Anke Technology and Ping An Insurance Overseas Holdings Limited. This tender offer was triggered by a special dividend election. The offer includes the acquisition of all issued Lufax shares and ADS, excluding those held by the offeror team, as well as the cancellation of all unexercised Lufax options and unexercised PSUs. The offer will not result in privatization of Lufax or delisting from the NYSE or any exchange. The tender offer price for Lufax stocks is $1.127 per share, $2.254 per ADS, below the current market price. The offer is unconditional and not subject to any financing conditions. The offer period is set to close on October 28, 2024. Lufax's board, on the advice of independent financial advisors, recommends shareholders not to accept the offer, deeming it unfair and unreasonable.