share price decline, page-18

I too doubt very much that a takeover would be successful near 60c eurotravel. I was just saying that could be where an initial bid is pitched which i would expect to be knocked back.

I don't know how big pharma's work regarding takeovers of up and coming drug companies. Do they generally wait until near the end and pay up a lot more or do they get in early and cheap and play the odds of success?

Maybe there's a few examples that someone could enlighten us with.