Replies to post #203501 on Innovation Pharmaceuticals Inc (IPIX)

[scottsmith]

Oh he will certainly look. He’ll have a fiduciary duty to look. We should be so lucky to have these debates in 12 months.

[Amatuer17]

Actually SEC rules state that the target company (IPIX in this case) needs to disclose to SH any tender offer for acquiring the company - 100% or certain %age of o/s shares (not sure cut off) and terms and if they decide to accept or decline.

So if a company makes formal offer - not just informal talk - we will have to know and will know.
Leo will have to formally consider it and accept or reject it