Certainly possible. We all know how big a prize this is, and I imagine there are at least VP level visionaries at various BP sending flares up to executive leadership. Where a CEO might not be willing to risk the downside of a bad buy, a lower level exec might see this as an opportunity to be "the guy/gal" that lead the charge toward a game changer for the company. Even if part of their C Suite is on board, and willing to pay up now (say $22B solely for argument's sake, I know it's worth more...) how do they close the gap with their BoD? What levers can be pulled to get pps there, other than a sub-5% toehold?
Tesoro's move started with a legitimate rumor, right? Mid 20s only a few weeks ago to mid 40s last Friday... on a rumor. Then a 60% premium to BO in mid 70s, which is a lot easier for a board to stomach than 25-73.
If someone wants V, they will do what it takes.
The more I think about it, the more I believe that Amarin has been getting low ball offers even now....and is hiring reps to demonstrate that they have the option to GIA....I believe if Amarin gets an offer it feels can accept, it will honor it's agreement to keep the 230 recently hired reps on the job.....in the end, the shareholders will make the decision as guided by J.T......he understands that a low ball offer will never pass muster.
The more I think about it, the more I think for whatever reasons, they have not received any offers :-)
No kidding, JT mentioned that there are several companies interested at partnership; that was nice to do that I guess no matter what they really want to do. But he never mentioned any BO offers, he could have done it the same way, but he did not...