For Their Cash And Pipeline. Hope To See Other Offers.
The board of directors will be the one's who determine if the offer is acceptable. If they agree, there will be a press release.
Has the company actually announced a formal buyout offer or is it still just speculation?
yes, but insiders only own 6%. in fact, Manuso usually sells shares when options vest, so alone, the board does not have the power to sell. Insiders own 6%, institutions hold 45% and that leaves us with the other 49%. this will have to go to a vote.