RE:RE:RE:RE:Biotech buyouts.The board’s principal responsibility is to protect and enhance stockholder value. Mergers and acquisitions offer one way that stockholder value can be increased.
On the sell-side, particular where the board is considering the sale of the company, the board should assess the timing and adopt a process. The board should stay actively involved throughout the process, overseeing management and the company’s advisors. At the conclusion of the sell-side process, the board shall assess the proposed agreement and determine whether to recommend it to stockholders.