From BL a few weeks ago on that theme:
"The board can reject TO offers but typically put to shareholders anyway. Typically occurs after FDA approval and more so after revenues are being generated but can happen sooner if they want to buy it cheap, relatively speaking. Like you, I would want a great deal so in no hurry."
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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