https://archive.ph/PME5s

(http://www.autoadmit.com/thread.php?thread_id=5694034&forum_id=2#48746753)

“I knew some of the things I had to do, but not all of them,” Tonagh tells BOSS.

That morning, he started by asking Claude to summarise Viburnum’s bid, which exceeded 60 pages. Then he asked what he needed to do next as GTN’s chairman.

Among other things, Claude said he needed to establish an independent board committee and confirm in a release to the ASX before the market opened that a bid had been received. It told him to exclude two directors from the process as they had links to the bidder.

Claude drafted the ASX release announcing the bid, which Tonagh sent to the company’s advisors to review. “That’s so much more effective than the way this stuff normally happens,” he says. “It saves a huge amount of time, and it’s really important that you do save time in this environment because it’s time-sensitive.”

The gen AI tool also gave Tonagh advice on change-of-control clauses when the bidder issued a release revealing it had increased its shareholding to more than 53 per cent. Claude detailed several major implications, and pointed out that all unvested employee share options automatically vested upon change of control – something Tonagh hadn’t realised. That led to another prompt: “Please give me a table of options held. Show me if they are in the money or out of the money, and calculate the cost to cash settle.”

(http://www.autoadmit.com/thread.php?thread_id=5694034&forum_id=2#48746754)