RE:BNN interview Les is also misleading in his comment that only investors who tender their shares will receive the cash offer and therefore must be proactive in offering their shares. Wrong! Investors can safely ignore the first deadline. If Delek succeed then there will be a mandatory extension (minimum 10 days) for other investors to tender if they do not want to be minority investors.
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Huh?? If Delek doesn't get 50% then nobody gets $1.95. Everyone understands that right? There was nothing misleading on what Les stated in that interview, rather it is how his statements are being interpreted though biased lenses. Be careful on what you wish for.