Amarin Corp Plc (AMRN)

[north40000]

I remember from discovery documents that BMY's CEO telephoned MEDX's CEO in mid-December to discuss tender offer prices. Negotiations began in January. A number of share prices BMY offered were thought too low by MEDX CEO, and not even transmitted to the MEDX BOD for discussion. Eventually a TO price was offered and transmitted; both BOD's agreed and the TO acquisition occurred in late June, within 6-7 months of initial phone call. GS had a hand in that process with a multi-page letter to the effect that the TO price(and other conditions) represented a fair value. All MEDX shares were tendered by the end of August.

That negotiation process was more than a decade ago. I suppose today's buyouts could be handled in a variety of ways.