An aquirer will likely have many other parts. So the exposure for Neurens assets would be highly diluted if a current shareholder invested in the aquirer.
Thus it would`t be effective. IMO
Best to get the maximum possible when/if TO occurs. Not good enough offer, send `em packing.
It will really depend if there is more than 1 suitor.
Ann: 2023 Annual Report to shareholders, page-179
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