RE:RE:RE:RE:RE:RE:Vote no to this....
You refer to the valuation from First Energy of 1.6 - 2.1 as if it is the benchmark for what will fly with the Delek owners and BOD. Delek had a valuation for Ithaca in mind and a plan for Delek's expansion in the North Sea before they made the bid. Delek will have considerably more insight into the potential of Ithaca's development than any insight First Energy were given. I don't know what Delek's top price is but I'm sure First Energy's valuation doesn't carry much weighting in their assessment. __________________________________________________ Londoner, not sure what you are basing the above statement on?? First Energy is exactly the kind of company that Delek would be relying on to provide insight into investing in a NEW environment. This is Delek's first foray outside of the Middle East and they have only been poking around the North Sea for a few years at this point with virtually no skin in the game aside for their investment in IAE which happened a year and a half ago. So, let's say they have 1.5 years of experience with one company in the North Sea. Virtually babes in the woods, or in the ocean, where it comes to the NS. So whether it is FirstEnergy or RBC or CIBC - take your pick - the fair valuation that they would have received would most certainly be in that range. THAT'S the range, as pointed out by FirstEnergy. You realize that FirstEnergy took a look at all available information on IAE right? Ha. So, no I don't see them moving far beyond what they have offered. I will be mightily surprised. But hey, I too can be wrong, and if I am I will be happy to admit it. I do hope things work out for all those hanging on and/or voting no, I just don't see it turning out that way and as I pointed out I see the downside FAR out weighing the potential upside. Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.iae&postid=26003472#6XED0HBCbv8bJKiz.99