Tissue Regenix Takeover Rumours (TRX)

One concern is what may happen to the price if there are no firm offers or interests. The RULE 2.4 announcement from 4th November 2024 has no maximum duration before needing to be closed (it has now been 2.5 months) but further market updates should be made. Surely TRX should update the market soon? Three months having passed on 4th Feb 2025? "A Rule 2.4 announcement triggered by media speculation can remain open as long as the company continues to monitor the situation and ensure compliance with its obligations under the Takeover Code and the UK Listing Rules. However, the company is expected to provide a closure announcement within a reasonable timeframe if no acquirer is identified or no interest materializes. While there is no strict maximum duration, this timeframe typically does not exceed a few months without further updates or action."

Get the sense that this is a 'come get me' type post. When Sneller first went in I have it on reliable terms that this was discussed as a possible takeover target as one of the (but not the major) reasons for purchase. Similarly, when Sneller / Inthallo bought in (back in late Summer 22) and took enough of a stake to block Mills taking this private / pushing through a sale it wasn't exactly received well by Harwood! So I think all along the plan has been for this to be sold, though I note Mills saying a few months ago that there hadn't been any meaningful interest up until then, so I wonder if that's changed? Otherwise, this is I suppose a 'flush out' some bids development. Knowing the register, Mills, Richard S, Richard G @ Ora, LO etc - would imagine this won't be being sold on the cheap, but let's see!

No offeror but already on takeover panel list and certainly growth expected in their market. Perhaps it has been mentioned in some niche publication for regen medicine that's hard to find unless in the know. Https://www.research-tree.com/newsfeed/article/takeover-panel-disclosure-table-2613439 Https://www.openpr.com/news/3718525/biological-skin-substitutes-market-is-expected-to-double-its

Must be a takeover target for smith and nephew