My concern with a 2.50 buyout or less when this was 30c has dropped significantly. I believe there were enough people that had been waiting years that BP going straight to shareholders, they might have could have gotten 50% vote. With the rescent sp run up, the price they might have gotten has gone up, as those shareholders that were exhausted before probably are feeling a little invigorated, maybe the really tired ones selling enough to get their original investment back.
Some ideas BP might consider, but the 2.50 price wouldn’t work now imo.
Include share swap
Contingent Value Rights (CVRs) which may be payable based on the completion of certain development, regulatory and commercial milestones.
Pull a Xerox, go around management straight to Cydy shareholders
Buy shares open market