Be Careful DelekMost thought that when Delek came on board that they would make an offer to buy the company, and they did do that. Most now feel the offer is low and that Delek will need to bump it up to win shareholder approval, and they will.
This has always been their plan and they will bump it up to that $2.30 - $2.50 range.
White Knight enters the picture and Delek will have a world of pain. Ithaca is Delek's stepping stone to much bigger things in the NS and the sooner they get everyone on board the better.
Make it nice and clean and move on. Watch out Delek ..................... you are going to lose the prize with this $1.95 offer.