I have NEVER seen this before...
No wonder its been breaking out on low volume!
Only reason its not breaking out on massive volume s because hardly anyone has actually read this announcement...
8 people only on Hotcopper so far...
I wish more companies would hide likely takeovers in quarterly reports!
And what sort of price do you think the cashed up partner will have to pay to gain control of a company with these sort of medical techs (multiple):
These are the sorts of prices similar companies have been going for...
Have a read about its RTI-Plex product too...
How often can you buy a stock before a trading halt for a massive deal like this?
If it doesnt result in GBI being acquired, it still appears to be a big funding or commercial partnering agreement.
And the proposed partner obviously has the funds to gain control of GBI, if thats how the discussions go.
My bet is Biomerieux, or possibly Roche.
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