RE:RE:RE:RE:RE: RBC Speculates on Delek TakeoutAlso, just to finish the thought. Remember, the BOD has to be able to defend its decision to allow Delek onto the board. If Delek turns around and buys this company in a month for $2.00, what is stopping a class action law suit against the BOD for financial malfeasance on the basis that they were not acting in the best interests of the shareholders by eliminating the possibility of multiple bidders.
This won't happen because the deal is predicated on a defensible formula that does not allow for a takeout price being set before the FPF-1 is on site. The BOD is acting in our best interests here and they will not allow the company to be taken for a low b