don’t get me wrong I wouldn’t recommend Dna to anyone!
having said that the assets are worth 10x more than the EV, so the market is already well and truly discounting the ‘minority getting screwed over’ probability. I’ll get back to you on the Dna thread after results and when I’ve spoken to them.
Ann: Non-binding term sheet for sale of up to 51% of subsidiary, page-17
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