Trius Therapeutics, Inc. (TSRX)

[kris_kade]

The offer letter has Q&A style that gives more clarity. The question related 'If I decide not to tender , how will Offer affect my shares ?' is bit confusing, though. Looks they are saying, if offer is consummated but merger does not go thru, shares that were not tendered might not be eligible for public trading due to being reduced to minority or insignificant quantity.

What's interesting is the last few lines for this question, where it says they can buy at any price higher or lower the remaining shares that were not tendered after the offer is consummated and thru the exercise of top-up option.

So definitely there is a risk of not tendering the shares as part of offer.

Don't want to kill the goose that's in the process of laying the golden egg