Anpario Takeover Rumours (ANP)

I see that Shore have not changed their revenue forecast for this year 2024 at £33m and have moved up their adj ebitda forecast to £4.6m with an adjusted eps of 15.1p. They are right to say these are conservative .While I see limited downside, a 2024 share price of 300p plus is for me a shade optimistic. One continues to wonder about corporate activity. They have the issue of distributing around the world £33m of reasonably technical product which must be costly and would be cheaper if they made an acquisition and could get more sales through the network or were taken out and their sales made through someone else's distribution platform. Following the tender offer they do not have many institutional investors who would put up a spirited resistance to a takeover.