Ann: Telix-Grand Pharma Investor Webcast Notification, page-34

I speculated this a while ago.

A few interesting points though are:
-China Grand pharma (CGP) has a 17.5 billion HKD market cap which is equivalent to a 3.3 billion dollar AUD market cap so telix has grown up and is almost the same size now
- CGP had a majority stake and sold a 3% stake. They’re now a 4.6% holder being just under the 5% substantial holding threshold
- important to convert the currencies for equivalent market caps

If anyone was going to try a takeover I’d speculate that it would be one of Telix’s US partners as they have some big ones, being:
GE health: 40 billion usd market cap
Mereck: 300 billion usd market cap
Norvatis: 200 billion usd market cap

It’s probably unlikely though as the top 20 holders hold around 70% and they’re mostly early holders that seriously have faith that Telix will be a monster in the industry.

So I’d say that a TO offer would need to be at least 10x current share price for it to be considered now. So approx 30 AUD or 20 USD billion

Seems like a lot but ask yourself, in 7 years - do you think telix will be worth more or less than $100 a share?

More than IMO