RE:RE:BNN interview Kensho,
A few days ago you accepted the possibility of a raised offer if Delek doesn't get 50%. If they raise the offer you're right nobody gets $1.95, they get more.
I understand that.
Les's statement isn't incorrect but it leaves out the possibility of Delek having to raise their bid to secure the 50% target, BEFORE shareholders tender their shares. That is why I describe it as being misleading.
I'm not concerned whether you get it or not but I am concerned at the confusion your response might cause amongst investors wishing to maximise their returns.
There is a possibility that Delek fail to get 50% and walk away. I understand that too.
Londoner7