RE:RE:RE:Am I reading this right,
I'm no expert but I think they mean the shares that are tendered will be cancelled. I am pretty sure that if you don't tender your shares they can't just cancel the shares you own and not pay you. I assume you would remain a shareholder until Delek gets their 90%, at which time they would trigger the full takeover and get the remaining shares at $1.95. Again, I'm no expert so if I'm wrong please correct me.