News from inside Amylin...the mole lives.
Offers are in and being reviewed by bankers and financiers. Best and final offers will be asked for per Goldman employee within the week. Goldman's people are calling the shots on how the communication and leaks will take place going forward.
Several of the offers restrict Amylin to publicly announce the offer or terms change. This is a weak attempt to prevent a racheting up of the bids through the media. One offer is below current share price. That company is out. Other's are higher, although the exec's are extremely tight lipped about the discussions. Trying to pull information, but everyone is very quiet about the terms and offers.
Dan and team are discussing how happy they are that the board approved increases in the financial value of their packages in the last quarter. All stand to make in the hundreds of thousands to millions. Dan will pocket over $10M. Everyone is very happy and keeping their game faces on. Vince was given direction to keep communication very high to the field through Jake. They have been told to float the option of keeping people's hopes up that the field force might stay once the purchase happens. Heard a Goldman manager say in the hall, "there is no way in hell that any company will keep this sales force"...
Executives were told to stay positive, keep the business moving, and show no celebratory emotion in front of employees.
Dan has already informally met with board members of different companies to line up his next move.