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This increase implies there are rumblings for more, but i think the offer will be accepted in the end.
Just looking at the volume today there appear to be many buyers that are looking for a higher offer. The number of shares pledged to the offer is low.
Expect some announcements that this bid undervalues the company….there is a good chance of institutional investors extracting a higher price to get the deal over the line.
A disappointing probable end…not what was promised a few years ago.
Atleast the Bod has landed a deal. If another bidder emerges that will be interesting, but better to have a respectable deal than to drive this bidder away……bird in hand etc.
I expect we will see clinigen services prosper….and triton sell the products. That creates a high margin low risk operation to bring back to market as the growth peaks in a few years time.
it must be christmas, my sell instruction triggered higher than i'd set and i'm finally out of this pos, good luck to those holding for another bid, can't see it happening to be honest, godshare hit the nail on the head i think, and this is all she wrote.
Better offer might be forthcoming
Chance of a higher bid now that the board have put the company in play
the sp is higher now why not sell- anyone here with insight
Godshare you were spot on. I thought they might fight a bit harder but looks like they all want to get the deal done
We have to remember that the turned down a bid of 10+ GBP per share not too long ago. The fundamentals haven't changed. Most people would make a profit its sold around 8/9 GBP per share but I think it would be wrong for the Board to accept this. People seem to have short-term memories and the years up until Covid were very good and cash generative.
I think the board might actually be quite open to a deal actually.. maybe not in the past and they were obviously hostile to the Advent approach as JPM were brought in as NOMAD fairly soon after presumably to support on defence against further potential takeover approaches, however i think the landscape's changed quite a bit since then, most of the board makeup has changed with lots of new faces including a new chairman, and really it feels that to make the most of what Clinigen has and could eventually become, taking it out of the fast paced, short-termist listed environment and making some more sensible longer term investments might actually be a significant advantage. Given the average price since the profit warning in June has hovered around £6 and wasn't looking like it was going to go north anytime soon, an offer price of around £9 representing a 50% premium seems quite attractive.