RE: Great News12 Mar 2022 11:21
EXMEX, - I read your post and it posed these questions for me:
1 Is it in the best interests of Biosynex to listen to a Novacyt strategy reveal? - Does that beg the question that if Bio are serious about a buyout, it needs to be done before said reveal takes place, so that any strategy announced is that of the new owner?
2 We cannot know if a seat on the board completes Biosynex's share buying operation, without observing if share buying continues after the seat is offered and accepted. - Better offer it sooner rather than later then, say 10%?
3 One form of defence (if the approach is not welcome) is to release share price sensitive information, not previously made available.
The BoD might not want to do this, - but needs must.
Another form of defence is to bring forward the bulk of the strategy announcement, announcing the rest when it is available. - If your going to announce it, do it sooner. Word it so it strengthens the sp.
++++
18.11.2021 - Biosynex statement of intent.
https://www.degaullefleurance.com/en/financement-syndique-de-biosynex-de-gaulle-fleurance-associes-a-conseille-la-caisse-depargne-grand-est-europe-et-les-autres-preteurs/
"syndicated loan facility for a maximum amount of €109 million.
This transaction was arranged by Caisse d’Epargne Grand-Est Europe, advised by De Gaulle Fleurance & Associés.
Through this financing, BIOSYNEX plans to secure the Group’s general needs and pursue its external acquisitions with the ambition of becoming the European leader in the field of rapid POC (“Point Of Care”) diagnostics."
"These acquisitions are intended to build up a portfolio of synergistic and complementary technologies in molecular biology and in point-of-care. In addition, the Group intends to accelerate its international development through the consolidation of its distributors and the creation of new subsidiaries."
We can be an active willing partner in this statement of intent, or we can be an important milestone acquisition in Biosynex's pursuit of it. Recall Biosynex have LFT manufacturing facilities.
What choices have our BoD made so far?
There is no defences being erected, and as kaeren states, a hostile takeover is unlikely.
So are we expecting BoD to eventually be recommending a takeover in the future, in which case we won't need a strategy announcement based on Allmond's thoughts, because we will have one from Biosynex?
From David's only video
"09:52 We started out very reliant on the UK, we still do a lot of business in the UK, but the clearest opportunity for us is to leverage our CE marked products across the European economic area, so a huge area for which we already have regulatory coverage."
Have we to wait until April for Davids strategy revue that will contain reference to a joint strategy with Biosynex?
That's would be why we have to wait until April, to allow the ducks to align?
IMO the worldwide testing industry is very fragmented and awaits much M&A action.
If no