just need one to get the party started here! Think it will be ChinaChem but Monsanto is worried now that their is possible competition so they may make a strong bid to dissuade others.
stock is being accumulated quickly in last week, someone is buying it up before they announce a deal from looks of it.
agree, i'd think it will happen soon and hopefully before SYT does a bone head acquisition themselves! I don't trust them at all after they have turned two takeovers for big premiums down to just protect their own jobs! Time to unseat the board of directors!
as well as other benefit management companies looking at blocking business with specialty pharmacies. More bad news that will affect their earnings
no just like poking the the class clown!
non negotiable - non binding....you know what i meant!
Don't count your money till its deposited! This has a lot more twists and turns left!
then why didn't PIP's?
They not good attorneys?
This wasn't a completed contract by any means, just a list of discussion points which was stamped non negotiable at the bottom of each page.
love how the SIGA attorney pointed out that the total budget to buy all the drugs out in the market for bio defense was only 100 million, how can you make an award for more than the market value when in reality their drug was one of many the govt was going to buy for only a 100 million.
I look for a remand back as the questions asked to PIP's attorney about other remedies it seemed the light went on as i think he knows the previous award was way out of line and based on speculative, expectation damages.
Think we must have as the poking fun of the "New York" lawyer by the main justice was always reminded that his comments/questions were against factual evidence and case law which basically shut him up after he realized law didn't support his pokes. Love how the female justices comment was reminded that there was no case ever ruled in the form this case was by Delaware and over 1/2 the country doesn't even recognize that this case would have moved forward. Noticed both justices didn't come back with further comments or questions to those rebuttals but on the issue of damages not a one had any comments on the fact that this wasn't based on speculative damages or expectation damages. Love how the female judge pointed out to PIP's attorney that in past ruling that the damages would be too speculative to determine to determine.....hmmm. I think she gets it. The other male judge that asked PIP's attorney about this opening up pandoras box in regards to "good faith" battles in contracts......I think he gets it too! I like the point that the current damage award is more than the combined value of both SIGA and PIP's market value on the stock exchanges......tell me if the market is a market discounting vehicle of the value of all known events at that point in time could you award a value of damages of more..... The judge on this case clearly had no clue what he was doing on many levels!
It's crazy that this won't get overturned as it will open up Pandora's box on "in good faith" contracts!
This company needs to understand they have a fiduciary responsibility to the shareholders to maximize shareholder value and that includes selling it when they receive a 25% premium price from 2 suitors now! This is not their private piggybank!
I love how the judge is supposed to value the contract at the time 2006 without using any knowledge of any events/contracts post that date but then uses those events to come up with a value! AH whats wrong with this picture!
If thats the case he did then he also needs to look at the facts of the amount can't be more than what has been received to date or at least through a certain date. Talk about a biased judge in this case, he should have been taken off the case if he could not rule in a unbiased way! If the company has only brought in 130 million to date 10 years later, then PIP should only get 1/2 of that, plain and simple! They are not entitled to receive any amount over that as a maximum and on the theory of what happened after 2006, they should get a lot less than that! There was no damages to PIP outside of getting their money back and a small penalty.
they will have home turf advantage if they do! For Deleware being quote "business friendly" it seems to rule somewhat to the contrary and doesn't follow case law very well!