Replies to post #774 on CVR REFINING (CVI)

[PaPaGriz]

Anyone have thoughts on the CVI offer to exchange their stock for CVRR stock?

Looks like they're trying to accumulate an additional 10% of the shares so they and close out the MLP. Am I reading that right? Once they get 80% of the shares they no longer have a fiduciary responsiblity. That doesn't sound good for the other 20% does it?