Ann: Elanco Option Update, page-133

There is a lot that just doesn't add up around the rejection and the announcement.
Lack of any real reason why the option was rejected, the fact that the announcement said they received an email on Tuesday 8 September.
It appears that there must have been a phone call either on the weekend or Monday indicating the rejection.
That the email arrived on Tuesday morning yet it took them until Wednesday to issue a very basic announcement.
Was the delay due to them wanting to put out the covid announcement at the same time and the announcement not ready until Wednesday.
To me the covid announcement just more like spin and unless we get more information around this in near future then spin it is put out only to take some heat off the BOD over the rejection.
It is beyond belief that PAA didnt know the rejection was coming, as they admit knowing further data around MPL tablets were required.