Time for a jog past.50, page-43

Just to clarify:

A buyout does NOT need both parties to agree.

There are LBOs, Hostile Take Overs with White Knights possibly entering the fray, Bidding Wars, directors replaced by activist shareholders...

There are Poison Pills, company constitutions explicitly stating counter t/o measures, eg. 60-90 day cooling off periods, provisions for seeking out White Knights,...

The above is why corporately inclined mummies and daddies make lawyers.

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An almost immediate next strategic step will be defining regional exclusivity, disease exclusivity, JVs, licensing... That's where Wotton is point man, and one reason he was brought on board. Othere reasons include his contacts in the US, eg. Big Pharma, media, money people. Though unprovable, I wonder if it was him that stopped the regience deal? CYP's balance sheet was/is stressed, and perhaps he repositioned CYP from initially negotiating from a weak hand to a, "You need me MORE than I need you," position.

OV