RE: 24% shares tenderedTo those who tendered as boxcarrider said: for each RES share we tendered for the cash offer we will get the equivalent of $6.82 cash + 0.76 Share of HES.
Based on the current share price of RES ($15.80), The implied value of a Husky/Renaissance share for those who tendered is $11.82. IMO it is extremely undervalued at these levels and if it opens at that price I will be buying.
P.S. I am very pleased with the results of todays tender offering.