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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: VLAD who wrote (13070)8/11/1998 5:59:00 PM
From: DaiS  Read Replies (3) of 23519
 
Regarding hostile takeover,

1. Could someone please explain how this works? Does a third party acquire 51% or Vivus shares (or some large %? Of outstanding? +float?) that then allows them to dominate the Board and buy us shareholders out for any price they wish...any price??

2. Does not the Vivus anti-takeover provision of the preferred shares rights plan and other things make a hostile takeover very difficult.
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