bmn

Taken from LSE

However, i would like to address the piece about "...lemur shareholders perhaps do not have much incentive to agree the deal". Please note, we now own 54% of LMR. That means we have control. If i was a LMR shareholder, i would be very worried, now that BMN own a controlling interest. It basically means that BMN can block motions and control board meetings. In practice, this can paralyze a company - it's not good for BMN or LMR shareholders. Therefore, LMR shareholders will now reluctantly have to accept the BMN offer, or else they risk suicide. getting to a controlling stake was the first important battle. therefore, i expect to get to 75% very shortly as shareholders begin to see the writing on the wall. There is no material benefit to hold onto LMR shares now.