Cypress Bioscience Inc (CYPB)

[eastunder]

OH OH! Whoops. #1 is done. ;)

Link back, Scov:

Next thing you can bet is CYPB spends a little more of that cash.

From the Ramius letter:

We implore you, the independent members of the Cypress Board, to once and for all allow shareholders, the true owners of Cypress, to decide the future of the Company. We have commenced a tender offer to acquire all of the outstanding shares of Cypress we do not currently own. This offer is being made directly to the shareholders. We caution the Board not to stand in the way of our offer by putting up any roadblocks or impediments to satisfying any of the conditions of our tender offer including, but not limited to:

1) Implementing a poison pill or other shareholder rights plan;

2) Entering into any further transactions, licensing agreements or business combinations; or

3) Taking any action that would result in the Company failing to meet the minimum cash balance required under the conditions of our tender offer.