The value of the bid is the value of the TO.
A TO is not an exercise of Cynata’s “rights to sub-licence certain rights under the Licence Agreement” in place with WARF, going by the definition of information provided.
Instead, it is a 3rd party making a bid to acquire ownership of the company you hold shares in.
The new owner will then be taking over our contract with WARF, just like Fuji took over the agreement CDI had in place with WARF.
Please note however, without having seen the licence option, I can only base my assumptions on what I have read, including the Fuji/CDI TO articles/CDI shareholder feedback.
But if WARF happens to be knocking on your door within 120 days after a TO by FujiFilm, Takeda, MSB etc. - simply don’t open it, turn off the lights and the tv and pretend that no one is home. Kidding
Sorry, perhaps I should have dropped an additional line or two with my second link. I was referring to MSB’s business acquisition from Osiris, detailed under “Transaction Terms”.
Going forward..., page-419
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