Amarin Corp Plc (AMRN)

[couldbebetter]

ggwpq, What was said by Mr. Yee was, interest in AMRN by BP had been
"tabled" until after the sNDA was filed. What I suspect is that
management may have been engaged with "exclusive" negotiations
and the comment about interest being "tabled" may have been a
diversionary tactic by JT. Any deal that gets disclosed will
most likely ignite a bidding war. If BP is waiting around to
first see exactly what label the FDA grants will both waste
valuable time and potentially lead to an even more expensive
deal. The sooner some BP gets the process started the more
likely it could end sooner as well (or not!)

One problem is that the first bidder will be facing other
likely bidders. One question I do not have an answer for
is this: What would prevent an interested BP from buying a
massive stake in AMRN to give them a bit more leverage
over other bidders? Assuming it were legal, if I were a BP
CEO I'd be buying a huge amount of call options and sell puts.
Before having to report my stake I'd buy as much stock as I
legally could buy.

I too would like to see confirmation of negotiations by a
reputable source. Perhaps AMRN is good at not letting
material info leak out. The one thing that keeps me skeptical
of a buyout is the (relatively) low price. Anyway, it is fun
to speculate and try to put the puzzle pieces together.