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Titan Pharmaceuticals Inc. Message Board

  • permit2084 permit2084 Feb 28, 2013 6:42 PM Flag

    Braeburn Acquisition of Titan:

    "In the event that Braeburn makes a written proposal to Titan prior to Titan’s entry into a binding agreement with respect to an Acquisition Proposal, Titan shall negotiate in good faith with Braeburn unless and until the Board of Directors of Titan determines in good faith (after consultation with outside legal and financial advisors) that such Braeburn proposal does not constitute and could not reasonably be expected to result in a transaction that is more favorable to Titan’s stockholders from a financial point of view than the transactions contemplated by the Acquisition Proposal, after taking into account all relevant factors as the Board of Directors of Titan considers to be appropriate."

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