RE:RE:A questionSo just to be clear...those who have already tendered are not in a done deal. That sucks if they bought those shares specifically to tender.
My understanding (am I in error) is that SU has been buying shares on the open market. I guess my ultimate question would be if they are into this far enough that making a better offer is in their best interests at this point.
I would assume than that those who already tendered at .25 would automatically get any more SU might offer. Lucky them.
I sincerely hope the outcome is indicative to SU that .25 is not the right offer. I think at this point .32 is. I am not so sure why they have not already come to that conclusion yesterday.
I guess it boils down to how much SU sees COS as strengthening their bottom line in the long term. I think they would be silly not to come back at .32. They tried at .25 and did not do it (I hope). That does not negate the fact that both SU and COS are better combined. Get rid of all those extra layers of management and let SU get Syncrude running efficiently.