Comments on Schwab were made attributable to "Street Insider" the first time yesterday in "After-Hour Movers 8/23" at 5:56 PM and again this morning in "Pre-Open Movers 8/24" at 9:23 AM, each time with the same six word message, "...reports the company hired an advisor."
They hired Lazard in 2011 for M&A scenarios. The advisor rumor that crept up again yesterday was recycled news debunked by AF. Something else may be at play here but no *substantiated* rumors that I can see. =)
AF is not great at reporting these kind of information.Sun Times reported on hiring a financial advisor(Lazard Ltd.) in April,2011.This was confirmed by Bloomberg on 10th June,2011 with CEO of Amarin.
Chances of hiring a Financial advisor are very high.WHY?
Amarin is exploring different options for marketing Vascepa.They have to decide within 40 days the best option.
If look at Lipitor(Warner Lambert) in 1997--they went thru similar problem.
Fortune reported J.Simons wrote an article on 01/20/2003 about this,"The $10 Billion PILL,Hold the Fries,please,Lipitor ---". Events in 1997 are similar to events in 2012 for Amarin.