Amarin Corp Plc (AMRN)

[irishpaddy]

My understanding is the board can recommend to shareholders not to accept an offer, In most cases a company / entity wishing to purchase another company will have spoke with the CEO, CFO etc but more to the point they will have spoken with the largest shareholders to gauge their view. In the case of AMRN any potential acquiring company will most certainly have discussions with Baker Bro's and other holders of a large %.
Hostile takeovers can occur where the large shareholders decline to engage, then a company may decide to go hostile in an effort to gather a large % share holding in the company. In our case I believe they need in excess of 90% before they can compulsorily acquire the remaining shares. However if a company makes a hostile bid and in doing so purchases in excess of 50% of the shares we would still remain listed but not attractive to other companies. This would in my opinion be a very very unlikely position as any interest will result in a competitive process.