Announcement does say proposed investment in the Company.
Sounds like it may need SH approval.
Judging by the reaction on the market yesterday I can't imagine there is a discount to the market price on offer. Looking at other deals AB1 has done it's rarely a straight cash for shares deal. It's usually involved stock swaps and contingent milestones.
AB1 are certainly building up their warchest at present.
Announcement does say proposed investment in the Company. Sounds...
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