This excerpt taken from the ABII 8-K filed Nov 8, 2007.
Distribution Conditions and Termination
It is expected that the distribution will be effective at 11:59 p.m., New York city time, on the distribution date, which we expect will be November 13, 2007. However, the New APP LLC asset contribution, the New APP distribution, the cash contribution and the distribution are subject to satisfaction or waiver of the conditions set forth in the separation and distribution agreement. These conditions include, among other things:
The satisfaction or waiver of the foregoing conditions will not create any obligation on the part of Abraxis BioScience to effect the distribution. Abraxis BioSciences board of directors, in its sole discretion and for any reason or no reason at all, may amend, modify or abandon the proposed distribution without liability at any time prior to the time the distribution is effected.