After listening to the TGZ shareholder meeting and knowing what I know of OLE, Come Monday, I’ve decided to go forward and tendered my OLE shares to the TGZ offer.
Part of my reasoning is I like what I heard from the TGZ meeting and part is I’ve little or no confidence now in OLE to go at it alone. While there still may be an 11th hour alternative, I think it’s in the best interest of OLE shareholders like me to hitch a ride on the TGZ bandwagon from here on out.
While its true tender shares could still be return if not enough tendered, I perish the thought of these two companies not becoming one. As I’ve said from the beginning, this is one case when a combination is much better than each going at it alone.