"if GTC gets approval in the 1Q of 09 what would be the potential buyout price?"
Hard to say but a lot less than it would have been before today! Basically, now LFB has a gun pointed at GTCB that it can fire by next June, so any potential buyer other than LFB would have to act real fast between approval (possibly February) and June in order to take some of the LFB monkey off of GTCB's back. That makes it harder for GTCB to play hard ball in takeover negotiations...