NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

Thermo,

People have been expecting buyouts for SGEN for perhaps a quarter of a century, this year is the closest they've come, but still no buyout. I'd have to guess that over 90% of the rumored buyouts never occur.

I believe that if NWBO is ever to be bought out it will be on terms that LP establishes, and an LP agrees on, with both agreeing on what could trigger an announcement of the buyout. In LP's case, she would probably establish a market cap or share price acceptable to her, the buyer would establish some milestone that must be achieved before the announcement. The milestone might be purely share price related, or might depend on an event, like FDA approval, or a combination of a few such events.

With the sort of price LP has been indicated to want, I believe it's premature to think that anything is anywhere near being finalized, though discussions could have occurred over the years. Merck certainly knows a great deal about the company, but that doesn't preclude others from also possibly taking a look under confidentiality agreements.

Gary