These are two questions really - is discounting the salary in your situation normal ? and should you do something about it ?
The answer to the first question is a "no". Slightly below market average is OK, but taking, say, a 20% hit is not.
Whether to fuss or not really depends on how much you are getting out of the actual acquisition. Just do the math. Assume you are going to stay with an acquirer for 2 years, add up what you will not be getting in salary and compare that to what you get from the deal.
All in all though .. this sort of an attitude is unhealthy and you should not endorse it. There could be two reasons for it:
# they think they are making you a favor
# the deal is so marginally beneficial for them, that the size of the salary makes a difference
In either case, I would be prepared for further surprises.
The answer to the first question is a "no". Slightly below market average is OK, but taking, say, a 20% hit is not.
Whether to fuss or not really depends on how much you are getting out of the actual acquisition. Just do the math. Assume you are going to stay with an acquirer for 2 years, add up what you will not be getting in salary and compare that to what you get from the deal.
All in all though .. this sort of an attitude is unhealthy and you should not endorse it. There could be two reasons for it:
# they think they are making you a favor
# the deal is so marginally beneficial for them, that the size of the salary makes a difference
In either case, I would be prepared for further surprises.