Velan Inc T.VLN

Any chance of a better offer coming in?

[valueforever]

or have all i's and t's been crossed?

[jennifer8]

mr takacsy  had other choices which one is next?  maybe  pollard banknote?

[Possibleidiot01]

DONE. Velan Holding Co. Ltd. (“Velan Holding”), Velan’s controlling shareholder, the sole holder of multiple voting shares, representing approximately 72% of the total shares outstanding of Velan and 92% of the aggregate voting rights attached to all Velan shares, respectively; together with Kernwood, an affiliate of Ed Kernaghan, a director of Velan, holding 1,405,500 subordinate voting shares

[BuffetsProdigy]

I'm not all that familiar with public acquisitions, but why couldn't they accept a higher offer if it is made?

[Possibleidiot01]

"“This agreement is the culmination of an extensive and robust review of strategic options to maximize shareholder value......" In other words they shopped the company around ; Stephen Takacsy has mentioned a possible takeover for years. "The Transaction represents the best and highest proposal received by the Special Committee as part of its process." I doubt the