RE:No Delek deal but sailing soonDirectors share purchase confirms no Delek backroom deal is "currently" going on otherwise this would be an insider trading issue.
However, you can be sure that the deal has been discussed and the general framework is in place (the general deal has been in place for at least a year now). Once the FPF-1 sets sail, it will come down to the details, hence the changing of the chair to someone perhaps more versed in M&A. Besides, the blackout is, I believe, an IAE policy to avoid possible conflicts of interest and not a securities law. Besides, from Mr. Lee's perspective, why would he shell out over $100,000.00 when he is giving up his considerable control of the company. Would you put up $100K and walk away if you didn't know what was going down. Nope, me neither. The company is being sold. But this is all speculation on my part ;)