I apologise if this has been discussed before and if so please kindly point me in the direction of the thread.
Could someone please explain how this option with WD works when it comes time for companies to make potential offers. If WD have the first option to licence the tech, is the hope here that another company swoops in and makes a bid forcing WD hand to match or better the offer? What incentive does WD have to buy rather than licence the tech?
Thanks all!
I dug this out from the prospectus (Section13.4)
I apologise if this has been discussed before and if so please...
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