Aurinia Pharmaceuticals Inc (AUPH)

[nsomniyak]

There is no such requirement.

Any prospective buyer can make an offer any time they feel comfortable doing so. If they wanted to, the could put in language making the offer contingent on final approval by the judge, but all of that is completely up to the prospective buyer.

Although there is no requirement, you can bet that any prospective buyer is going to want to know the terms of that settlement before they buy. PG and AUPH mgt. may not be allowed to disclose the terms until things are finalized, so that might make for a de facto "nothing happens until the ink is dry" situation.

That said, any entity that would be able to buy AUPH for a few billion dollars would certainly have ways of finding out what the settlement terms are.