Amarin Corp Plc (AMRN)

[KCSVEN]

I've been inside company BO where a week before announcing the deal, after 6 months of work, the deal fell apart and was not finalized, actually has happened twice in 2 different deals. Until you have a final, signed BO agreement you must 100% go all in on GIA. You cannot do things that tip employees a BO is in the works, employees get nervous, look for other jobs and in this market you could lose key employees.
January is the prime timeline for a BO, if it does not happen then the odds drop each passing day and by June its the last chance before they are likely LT GIA.

Employees can get a sense something might be going on, unknown groups of suits walking through the plant etc... but much of that happened early last year so I think with de-risking they revisit the BO prices and then we will see but groundwork was laid and work done well before now so unless a new interested party shows up any BO should be fast to put together. Whether anyone reaches a price Baker Brothers, management and the board likes I have no idea.

100% sure there is interested party, unclear what the current bid/ask spread is on a BO, if it has not narrowed much from a year ago BO won't happen, but with the de-risking and known label the potential is there to come together.