Merck has a ton of cash, literally a pile. If Merck wants NW Bio, Merck will buy NW Bio - in cash....no stock-swap or JV. It could very well come down to who wants NW Bio more. I hope there is a freaking bidding war but feel Merck has the inside track via UCLA. I feel at this point negotiations have and continue. Just a gut feeling based on a few observations. One being this long, drawn out quite period. I dont care what anyone says, it has nothing to do with a JA and everything to do with some sort of NDA.
-Fireman