Btg Share Discussion Threads

[spyder] 12/2/2019 09:30

From THE TIMES today - “A leading shareholder advisory group has backed a £3.3 billion takeover of BTG by an American rival, but has questioned the board’s handling of the sale process and the role of its financial advisers.

Glass Lewis has recommended that investors back the acquisition of the FTSE 250 pharmaceuticals group by Boston Scientific.

However, it also has complained that BTG “has not publicly provided any substantive information regarding the process that the board followed to arrive at the proposed transaction.

“In particular, the company does not disclose whether it made any meaningful attempts to solicit alternative offers from other potential third-party buyers prior to agreeing to the scheme with Boston Scientific.”

This pretty much seals the deal IMO - no other bidder is likely to emerge now ...

[bargainbob] 11/2/2019 21:13

29th of Jan last update

[spyder] 11/2/2019 18:00

what was the date BB?

[bargainbob] 11/2/2019 17:35

Last Nusmis note on Btg.

[spyder] 11/2/2019 08:50

Back to business as usual.
Did the Numis note come out last Friday, or were the comments from a note that came out around the time of the original offer?

[bill hunt] 10/2/2019 20:56

Seem to remember a number of killer offers coming in at the last minute.walMart taking out ASDA. British steel and the bidding war went to an auction. Numis comments probably spiked the price on Friday. A counter bid would be useful.

[bscuit] 10/2/2019 18:10

But then Brexit is being taken to the wire....

[spyder] 10/2/2019 17:22

I noted the rise in the last 30 minutes of trading, but I bet we will see it loose all that on Monday, I think it is just prices changes amplified by thin volumes.
Any counter bid needs to be lodged by the end of next week IMO, but I don't think it is coming, I think we would have had it by now...

[bargainbob] 10/2/2019 15:58

broker Numis says it does not believe the 840p offer adequately values either the interventional medicine division or the $660m-worth of research and development (R&D) undertaken over the last six years. Analysts there also believe there’s scope for competing bids, picking £11 per share as a "justifiable target". That said, a coup would have to start at a minimum of 925p, given the level of irrevocable undertakings.

[bargainbob] 10/2/2019 15:55

Oh yes it is we got a spike .

[spyder] 10/2/2019 15:54

No it is not. ;-)

[bargainbob] 09/2/2019 18:38

Yep it's on.

[fhmktg] 05/2/2019 07:42

That's great news for Therasphere and for patients in England & Wales......and for Boston Scientific.....

[fhmktg] 01/2/2019 11:09

Somebody was feeling positive at 10.30.

[spyder] 30/1/2019 00:27

Agreed, 4.5% in 5 months potentially.
Suggests an arbitrage rather than speculation.

[fhmktg] 29/1/2019 23:40

Looks as though the shares went for 8.02 pounds, a much better return!

[fhmktg] 29/1/2019 15:00

Now reworked at 1.74% over six months....hardly seems worthwhile unless they trade actively in the meantime on small margins?Let's see if they start daily trading.

[fhmktg] 29/1/2019 14:55

Forget that my maths are lousy

[fhmktg] 29/1/2019 14:52

Spyder,That looks like a 12% return in six months if my maths are right.....not bad!

[spyder] 29/1/2019 12:51

Final date for vote - end Feb.
Cash received - mid summer?

[cannyshoveyergrannyoffthebus] 29/1/2019 11:53

when the final date likely ?

[spyder] 24/1/2019 18:54

Yes fh, the clock is now ticking.
Given that proxy votes are processed a few days ahead, I would guess that IF another bidder is interested, they will need to show their hand in the next couple of weeks ...

[fhmktg] 24/1/2019 17:03

That should bring out any other parties, presumably before the Feb 26th Court meeting?