I don’t think they would have the infrastructure to go it alone. A distribution licensing deal is the most likely scenario. That way it allows PAA to carry on with other potential revenue opportunities especially the likes of Alzheimer’s and Parkinson’s
Any buy out and the future use of MPL is lost unless some clever new options / dividends are created along the lines of approvals of secondary uses with an end date of say 6 years. That’s probably wishful thinking and extremely unlikely.
Then again most SH would vote to sell at say $3 per share
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