Carclo
Posted: July 24th, 2018, 9:36 am
Hello,
I am looking for thoughts/opinions on Carclo. They have received a t/o approach from Consort Medical. The initial approach valuing CAR at £1.16 in Consort shares. The CAR Board rejected it. A revised proposal was made on 13 July, I haven't found details of the terms, the CAR board engaged in discussions.
The original deadline for the offer was 30 July. yesterday CAR announced that it had asked for and been granted an extension to the deadline now 13August.
My question is; Is it significant positively that it was the CAR Board that asked for the extension as opposed to Consort requesting an extension?
I hold CAR in my SIPP.
I don't know much about Consort.
So my other question is should I hold on to see if an offer is made and if so should I take the shares or cash out?
Any thoughts welcome.
hh
I am looking for thoughts/opinions on Carclo. They have received a t/o approach from Consort Medical. The initial approach valuing CAR at £1.16 in Consort shares. The CAR Board rejected it. A revised proposal was made on 13 July, I haven't found details of the terms, the CAR board engaged in discussions.
The original deadline for the offer was 30 July. yesterday CAR announced that it had asked for and been granted an extension to the deadline now 13August.
My question is; Is it significant positively that it was the CAR Board that asked for the extension as opposed to Consort requesting an extension?
I hold CAR in my SIPP.
I don't know much about Consort.
So my other question is should I hold on to see if an offer is made and if so should I take the shares or cash out?
Any thoughts welcome.
hh