RE:RE:Vote no to this....Londoner7 wrote: To be clear. This isn't a vote, it is an invitation to tender your shares, and Delek need 50% for the bid to succeed.
Enjoy the spring weather and await developments. The formal launch of this bid means we can look forward to a Stella update in a week or two with the downside covered.
Londoner7
Londoner, your idea that the downside is covered is incorrect. If the offer is rejected the share price will plummet. Of that I think we can all agree. So, as my last post stated, why in the world would anyone hold. It makes zero sense to hold now that the offer is upon us. I am holding a paltry amount simply to receive the documentation and be a part of the process. If the bid goes through then I have lost nothing. If it is rejected I will be abe to buy back in at a considerable discount. Why anyone would hold is beyond me.