GTC Biotherapeutics (fka GTCB)

[gfp927z]

Dew, Concerning the updated Change of Control agreements, just wondering to what extent the terms were changed, compared to the previous/existing agreement? Also, does GTC have a poison pill/shareholders rights plan in place? In addition to Ovation, any thoughts on other potential suitors? Thanks.


>>> The amended agreements ensure that each executive who is not retained after the buyout will receive a severance package consisting of one year’s salary and fringe benefits, a prorated portion of any bonuses that would have been earned, and immediate vesting of all stock options. <<<