Take over bid enterprise value16 Feb 2022 04:29
Biosynex probably want the complementary parents and test we are waiting to get approved plus our £100m cash on our balance sheet as well as the legal dispute which is provisioned more than necessary. Biosynex is an overlap competitor and not an investment machine that invests in competitors stocks. I would think a take over bid is imminent. I would expect the 3% threshold to get to 10% in the coming days or weeks. I think we will now see a sustained upwards rise in our SP. The best thing that could happen now would be for another player to come in and start to grab 3% plus and we see the roots of a bidding war. I think fair enterprise value for an all share cash offer is around 700p in current markets.Located in Strasbourg (France), the BIOSYNEX Company was born in 2005 and specialises in the design and distribution of rapid tests (RDT). Biosynex is now the French market leader in this field.Fast and easy to use, these tests are commercialized in France and in some 90 countries through local distributors. By targeting both the public and healthcare professionals, Biosynex provides concrete effective solutions to all the latest public health issues.Since 2020, Biosynex has been at the forefront of the Covid-19 pandemic, offering innovative screening solutions (serology tests, antigen tests, self tests and PCR).