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Tuesday, April 17, 2018 1:48:59 PM
That deal had the expiry of 21 days and has been expired on 6th April Midnight.
That was to protect hostile takeover before voting closes.
For what reason no one knows yet.
Can we still speculate something good is coming absolutely yes.
Is there a guarantee of good things coming no.
proof 8-k 03/26/18,
20. Expiration of Offer. The offer contained in this Agreement will automatically expire at midnight on the twenty-first (21 st ) calendar day after you receive it not counting the date of receipt (the “Expiration Date”). After you have reviewed this Agreement and obtained whatever advice and counsel you consider appropriate regarding it, you should evidence your agreement to the terms of this Agreement by dating and signing both copies no later than the Expiration Date. After you sign the Agreement, you should promptly return one copy of this Agreement to Human Resources, with a copy to the Chairman of the Compensation Committee. You should keep the other copy for your records. If you do not sign this Agreement by the Expiration Date and promptly return it to Human Resources, with a copy to the Chairman of the Compensation Committee, then the offer contained in this Agreement will automatically be revoked and you will not receive the separation pay or benefits described in Section 2 of the Agreement.
Thank you for your service to Delcath. We wish you well in your future endeavors.
Sincerely,
DELCATH SYSTEMS, INC.
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