Replies to post #243304 on Amarin Corp Plc (AMRN)

[rosemountbomber]

I really don't know the complete answer but I also assume that a suitor, if they do not think the board is amenable to them, might decide to go rogue and appeal directly to all shareholders and make it public.

[HDGabor]

M-

What determines whether or not a BO offer is made public ? Does it have to pass a vote by the board and if so are shareholders made aware the vote is happening or that’s all confidential ?

The offer could be:

(i) public but is not official / firm
(ii) public and official / firm

(i) Meanwhile the Pfizer - AstraZeneca was public it was not official / firm (Pfizer’s move came two hours before a 5.00 pm (1200 ET) deadline to make a firm offer or walk away)

(ii)
1.) Recommended by the BoD and announced (e.g. Bristol-Myers Squibb to Acquire Celgene

2.) It is not a best example, because the process was public but the case is the same if it was not … The BoD do not recommend the offer but the suitor makes it public and official / firm (hostile takeover). e.g.: Xerox will attempt hostile takeover of HP's board of directors.

Best,
G