Former potential suitors such as Bayer and Cephalon would most likely be rubbing their hands together with Sirtex in a weakened state - and CEO "on leave".
No doubt the Investment Banks are busy printing their M&A pitch books for the new year.......
Any Takeover launched now would be very opportunistic but potentially well received by shareholders who bought in the last six months, pre latest earnings guidance...............offshore raiders could also come from China - particularly with the AUD trending at lower levels...................could make for an interesting few months.
With relatively low free float any suitor only has to get top 20 Instos across the line.
Different sector but look what happened to UGL recently......contractor with cost over runs - share price drops, Giant CIMIC swoops in - a few months later it's all over...........
SRX Price at posting:
$14.29 Sentiment: Hold Disclosure: Held
