The idea of buying out MESO while we are undervalued is not met with enthusiasm here.
Compare with IMMU with a MC of 10 B bought at 20 B. They have one therapy for triple negative breast cancer approved by FDA. As you know we have 2 readouts going on for blockbuster therapies (CHF and CLBP) and BLA soon to be approved.
What can a suitor seriously offer? Even a 400% premium would bring the offer at US$10 B. You would say this is a nice figure and it would certainly make us rich, however given the potential of the company and compared to what has been paid for IMMU that would be a steal!
However, it is interesting to have this discussion since the sheer rumor of a takeover is very favorable to the SP.
Hypothetical situation of take over by a big pharma company, page-8
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Last
$1.40 |
Change
0.045(3.33%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.42 | $1.33 | $3.802M | 2.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23940 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 22571 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |