Amarin Corp Plc (AMRN)

[Johnniegalan]

the Amarin board already confirmed the legality of Sarissa’s demand by complying and announcing they will set a date…in addition they have retained a heavy weight financial advisor (JP Morgan) and proxy counsel (Goodwin)…the Board will convene a meeting and ask the advisors for advice regarding defenses to the hostile act by their largest shareholder. Goodwin is there to draft Proxy documents and the I banker (Morgan ) is there to suggest alternatives. the top of the list of alternatives will be for the banker to find a “white knight”, likely a friendly big pharma who is willing to acquire Amarin and save the Board the humiliation of being thrown out of the boardroom (which given Sarissa’s Smart money status and Amarin’s horrendous stock price performance, will surely happen)…..Morgan makes big fees by making a deal happen…if they indeed find a buyer, even at a discounted price, the existing Board would be hard pressed not to take it to the shareholders…in the early days (think Z) the Board could decide what the right price was….the shareholders will decide in the current environment …