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biomaven0

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biomaven0

Re: DewDiligence post# 194739

Wednesday, 09/02/2015 8:31:38 PM

Wednesday, September 02, 2015 8:31:38 PM

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>>When two insiders failed to cancel their 10b5-1 selling plans ( ), it was a pretty strong signal that a buyout at a large premium was not imminent.

How many mergers have there been and how many terminations ahead of a merger? I know of only one (IGEN/Roche, a long time ago).

Terminating ahead of a merger doesn't pass the smell test even if it might be legal. Certainly the SEC has said that terminations might cast doubt on previous sales under the Plan.

Peter

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