Another Reason to Not Go Hostile From Energy Voice Oct. 10
Israelis move into the UK North Sea
Delek chief executive Asi Bartfeld “This is an important strategic step for Delek Group through expanding its operations and strengthening its position on the international market.
“We intend to continue to take advantage of opportunities in the markets and to examine further strategic investments in international companies in the energy field”.
He added: “This (Ithaca) is a company with a most professional and responsible management team, with a great deal of experience in production and a very high standing in the international energy market.
“I am convinced that together with the existing management we will be able to continue to lead the company to significant additional achievements in the E&P (exploration and production) field.”
If they want the management team then they would not want to do a hostile takeover. Just another indicator as to why they are not going hostile. They want the whole ball of wax.