NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

A hostile takeover is when the BOD decides to not accept an offer and the buyer presents the deal direct to shareholders. It would up to shareholders to either accept or decline to tender their shares.

LP cannot block the offer.

The decision presented to shareholders would be to tender shares for $5 (hypothetical price). If enough are tendered, the buyout happens.

Notionally yes but I meant in real life.

It is my understanding that Ms. Powers has the votes to win on pretty much any issue and that strength is why she has not been ousted despite so many years of this performance.

Ironically the worse things get for non-inside shareholders the less ability they have to impose checks and balances and the worse things get.

I think most shareholders who gave both the gumption and the votes to force anything management doesn’t want left this stock s long time ago.