Pre content


Content bottom
Switch off smileys
List  Previous  Next  View thread
Respond     Vote up     Email to a friend     Neighbourhood Watch
Author killermanjarrow     View Profile     Add to favourites     Ignore
Date posted 2017-05-10 17:38
Subject Delek's intentions 
Votes for this Posting
The offer expiry news release tells us that Delek intend to increase and decrease their holdings in Ithaca as they see fit! It implies that they intend to keep the company public and sell or buy as the price changes.

I take what they say with a pinch of salt but perhaps the best result is to have held given that Stella is coming online...

"The Offer was completed as part of Delek's strategy to expand its international energy operations. The Offeror
and its affiliates intend to continue to assess, from time to time, the Offeror’s holdings in Ithaca, and insofar as it
deems it appropriate, based on market conditions and other circumstances and it is permissible in law, the
Offeror will consider further increasing or decreasing its holdings in Ithaca. In accordance with the terms of the
support agreement between Ithaca and Delek dated February 6, 2017, the Offeror may at any time, and from time
to time, designate such number of members of the Ithaca board of directors, and any committees thereof, as is
proportionate to the percentage of the outstanding Common Shares beneficially owned at such time by Delek or
an affiliate or subsidiary of Delek."
Respond     Vote up     Email to a friend     Neighbourhood Watch
Switch off smileys
List  Previous  Next  View thread
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited. You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong. Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.

The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements. Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in. Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.

Discussion Board Terms & Conditions FCA'S FSA Market Abuse Fact Sheet

Our secure site will be unavailable this Sunday (22nd) from 6am until the evening. Sorry for any inconvenience.
Bottom Leader Board Area