Buyout

MNK employees get 401k match.

 

All the Cadence reps were fully vested and paid out the date of sale with Mallinckrodt. Bwahahaha, eat it!!

 

Yeah it kind of sucks that we are not being completely vested at deal closing but I think many people aren't realizing the full potential of this deal. We are practically getting a share for a share plus $30 cash. Add our revenues and EPS on top of theirs and the growth will be tremendous for next few years. Do some research and look at some similar mergers over the past few years involving Ireland tax inversion and you will see that the share price of these newly formed companies has tripled over last 2-3 years. Very strategic move in my opinion by Don and team.

 

Post #24, that's a real educated response. Thanks for your input.

 

In response to post #23. If this is such a strategic move why is the C suite not vesting at the same schedule as the rest? If it were such a good thing the C suite would also vest over time.

There are rumors of suit over the vesting schedule and that the C suite is already looking at a renegotiation of the terms as the legality of the 2 vesting schedules is questionable.

 

Its about time someone addresses the inequality of the BOD vesting immediately and screwing the employees

 

what are you worried about? Just coast the next 13 months and maybe the stock will be worth more.

 

Signed,

The C Suite and BODs

 

Change of Control Arrangements
Each of our executive officers is party to an agreement that provides certain benefits upon a change in control of Questcor. Each agreement provides that in the event of a change in control, 100% of such employee's stock options and restricted stock award under any of our plans that are then unvested and outstanding shall become vested and exercisable immediately prior to a change in control of Questcor. Also, in the event of a change in control and the executive officer's employment with us is terminated involuntarily other than for cause or the executive officer terminates for good reason, we shall pay the executive the sum of such executive officer's annual salary and target bonus for the year in which such termination occurs. We believe it is necessary to provide these change of control benefits to attract and retain qualified officers. We also believe that these types of arrangements provide executive officers with a level of security in the event of a potential or actual change of control transaction allowing them to focus on their duties during such events. We and each of our executive officers amended certain provisions of each officer's change of control agreement in December 2008 to ensure that the terms of the agreement are compliant with Section 409A of the Code.

 

With Mylan in the picture maybe you will make more money on your shares .

 

How do we get on the Bailey family bonus plan? 1.2 million as a little something extra. Unbelievable.

 

I asked someone in the know about that and was told this wasn't a bonus at all but was mostly from stock she sold last year that had vested.