The fact that they opted to buy 40% of the company at the at fundraise prob means they prob knew a TO of sorts was on cards. 100p target may be a bit low imo... tosca paid 80p so sure they would want a decent return on that for it to materialise
If SLE prospects are so great as you state and as the company which approach them also think (Poland, Morocco and Albania) then why the board and ii would accept a low offer? (unless they including OF get some kind of "compensation" by other mean...I would expect Tosca to want to at least 10 bag their money, let alone a mere 20%. We ll see.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.