RE: Careful what you wish for16 May 2024 07:55
A few of you don't want to read anything by Myles McNulty so turn your eyes away now:
The rest of you may be interested in the views of a knowledgeable Avacta follower:
Myles McNulty
@MylesMcNulty
Tom, if a formal offer of 200p for #AVCT is made, the Board would have to bring it to shareholders. They may suggest that we reject it; but they will bring it to us, nevertheless.
At that price, I think you have got to get to grips with the fact that many would accept it. I don’t think a majority, but I would suggest that it would be a significant minority.
My own view is that many should really consider the perilous situation we’re in, with regards to how a hideously low ball offer in the next few weeks / months could genuinely see Avacta disappear as an independent PLC.