Delek wants IAE, hence this offer and they hope to pullit off. But what they have done is started low to bring down the final offer after rejection by shareholders. This offer limits upside of production from Stella on share price. Don't forget upcoming events such as exploration at Harrier and hookup to pipeline mid year. Hookup to pipeline will lower
IAE's cost to approx $10-11.00/boe, which will really increase cash flow. Cash flow for debt and exploration - none of these events are priced in. Rest assured Delek has grasphed these events in their plans. Do not sell - hold for better offer from Delek or another party. Key here is the platform which is a company maker it itself.