No, I do not expect that a BP would PR a non-bindi
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Posted On: 09/11/2019 8:04:31 PM
Re: ClosetInvestor #7853
No, I do not expect that a BP would PR a non-binding term sheet. letters of intent, non-binding term sheets, whatever you call them, are not material definitive agreements for which a publicly traded company is required to file a form 8K.
That's not to say that you can't PR something that you are obligated to disclose under the SEC rules, but, typically, I would not expect a non-binding term sheet to be disclosed.
Actually, it's pretty common in my experience for non-binding term sheets to contain confidentiality provisions.
that being the case, I wouldn't be shocked if tomorrow we hear about the architecture of the potential deal but not the identity of the potential deal partner.
of course, as usual, I would love to be wrong about all of this and wake up tomorrow to find out that GILD issued a PR about a non-binding term sheet with CYDY with a total potential value of 2.32 billion, for example.
Good luck to us all. It will be interesting if nothing else.
That's not to say that you can't PR something that you are obligated to disclose under the SEC rules, but, typically, I would not expect a non-binding term sheet to be disclosed.
Actually, it's pretty common in my experience for non-binding term sheets to contain confidentiality provisions.
that being the case, I wouldn't be shocked if tomorrow we hear about the architecture of the potential deal but not the identity of the potential deal partner.
of course, as usual, I would love to be wrong about all of this and wake up tomorrow to find out that GILD issued a PR about a non-binding term sheet with CYDY with a total potential value of 2.32 billion, for example.
Good luck to us all. It will be interesting if nothing else.
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