Apr. 4 at 5:19 PM
$MLTX
Your definition is 100%. And yes they are actually common practice for Big Pharma. This is especially true after they isolate a target asset, like SLK, and have been rejected by the board in a non tendered offer.
There are 3 companies highly interested in SLK; it's MERCK, LILLY and NOVARTIS. I believe one of them said; "we're not fuckin' around with these guys at MLTX anymore, move on them." " Let's talk to the key shareholder, make a deal, get a seat at the table, and then feast." "They can agree the easy way, or we'll do it the hard way."
It's how it's done.