Innovation Pharmaceuticals Inc (IPIX)

[Justfactsmam]

..."Target companies don't make big changes if there's a buyout imminent. I've been involved on the buy-side in several buyouts (including a medical device company). The buyer doesn't care about management salaries and staffing because the former gets renegotiated and the latter is handled post-buyout."

...but "joint ventures" and "licensees/investors" do...they want to know that their money is prudently allocated!