Q: Hello Peter et al:
What would you expect the share price to do if the 50%+1 vote is not achieved on April 20th? If Delek are serious about the deal would they increase the offer? There has been no word from the institutions on whether they are going to accept or reject the offer. Would it be wise to sell now and take the $1.92 and buy back in if the deal falls through if the price goes down on rejection of the deal? Any advice on possible scenarios here would be appreciated. My money in Ithaca at the moment is dead money and the difference between the $1.95 and current $1.92 is only 1.5% or so. Is it worth the risk because even if you tender your shares for Apr 20th and it does not go through you will not get your $1.95.
Regards,
Brendan
What would you expect the share price to do if the 50%+1 vote is not achieved on April 20th? If Delek are serious about the deal would they increase the offer? There has been no word from the institutions on whether they are going to accept or reject the offer. Would it be wise to sell now and take the $1.92 and buy back in if the deal falls through if the price goes down on rejection of the deal? Any advice on possible scenarios here would be appreciated. My money in Ithaca at the moment is dead money and the difference between the $1.95 and current $1.92 is only 1.5% or so. Is it worth the risk because even if you tender your shares for Apr 20th and it does not go through you will not get your $1.95.
Regards,
Brendan