Ann: Race releases complete cardio-protection data & video, page-100

IMO just because there is no observable sign of interest from BP, doesn't mean there isn't interest. These types of discussions are usually under cover of non-disclosure agreements between the parties until such time both parties reach a merger agreement.

The highlighted column below is the result of my analysis of SEC filings related to buyout transactions.

The recommendation statements to shareholders (published in SEC filings) usually contain a summary of all the background discussions and events leading to a transaction (i.e. merger agreement). So the SEC filings are useful for us because they give us insights into the chain of events that may occur in the lead up to a transaction.

The elapsed time to a transaction ranged from 22 weeks to 146 weeks, with a median of 73 weeks. The point is there can be a lot of non-public discussion occur prior to a transaction occurring .



Here are the links to the SEC filings (same order as last column of table above).

https://www.sec.gov/Archives/edgar/data/884731/000119312517013286/d281553dsc14d9.htm#toc281553_4
https://www.sec.gov/Archives/edgar/data/1557421/000119312518007788/d525073dsc14d9.htm#tx525073_4
https://www.sec.gov/Archives/edgar/data/1491576/000104746918007661/a2237269zsc14d9.htm
https://www.sec.gov/Archives/edgar/data/1581720/000119312519010967/d632967dsc14d9.htm#tx632967_4
https://www.sec.gov/Archives/edgar/data/1100412/000119312519185664/d614423dsc14d9.htm
https://www.sec.gov/Archives/edgar/data/1019695/000110465919073484/tv534682-sc14d9.htm
https://www.sec.gov/Archives/edgar/data/1434418/000119312521192262/d148389dsc14d9.htm
https://www.sec.gov/Archives/edgar/data/1595893/000114036122023489/ny20004535x1_sc14d9.htm