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Biotech / Medical : CYTO
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To: Rod who wrote (7486)4/6/1999 2:43:00 PM
From: ge  Read Replies (1) of 8116
 
I was looking at Yahoo and saw an interesting post about two takeover offers, posted by Lou. Considering that we just had some insider buying I would think that if there was an offer it is over. I checked with my transactional lawyer and he told me that if a real offer was made and major shareholders were informed, these insiders as well as management had a fiduciary responsibility to the minor shareholder. In other words if they control most shares and can stop a takeover, because it is not in their best interest to take the offer, they must consider that it may be in the best interest of the minor holders. We should have been told. I think that the good dentist has been hitting the gas. Who can blame him? Any other thoughts on the subject?
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