takeover talk, page-3

I'm not sure what what price a takeover would succeed. But I guess that they would need to get director approval.

By that I mean that if somebody offers say $1 a share, the directors will have an idea has to how deal negotiations are going. If (& this is pure guestimation) they are looking at a 15% deal on something that is expected to sell $1 billion dollars a year.
Well that's $150m, so with a p/e of 10 we are talking over $10 a share (pre tax). So if they are seeing those kind of figures, they are not going to recommend any cheap takeover, imho.