Some elements of the proposed transaction look okay.
It should be recalled that value Hunter who frequent this site some years ago identified Neptune as a acquisition target for MRM.
One thing that I flag however is that the timing of the acquisition fails one roll of a good takeover. That rule is that the people who are involved with the acquisition complete the acquisition. If others complete the acquisition the risk of failure is considerably higher. The current MD is in his last days so this element does flag risk.
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