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couldbebetter

04/19/20 9:02 AM

#267494 RE: alm2 #267490

Keep in mind that even if JT intends to GIA, a hostile BO bid could
emerge. As you pointed out the shareholder base has changed since
the Du decision and way more shares have traded than all the fully
diluted shares outstanding. Goldman Sachs and JP Morgan stand to
make a great deal of money in fees and commission if they support
a BP client into making an offer. They may actually believe they
have enough institutional support to win in a vote. BP may want
to strike before JT has a chance to fritter away the BO value of
Europe by doing P&D deals for individual countries. If a BP wants
to own AMRN what better time to pursue a hostile bid than now?

(I do not want JT to gamble the companies fate based on a court
decision.)