Malin Corporation

Sale of Poseida unlocks significant value

  • Sectors : Pharma and healthcare
  • Companies : Malin Corporation

Ratings and price correct at time of issue.

  • Malin Corporation

    Closing Price: 605c

  • RATING 29/09/15

  • PREVIOUS RATING N/A

DAVY VIEW

Malin’s investee company, Poseida, which is listed in the US, is being acquired by Roche – triggering a substantial cash payment to Malin and upside in its intrinsic value. The tender offer that was due to take place regarding the sale of its stake in CG Oncology has been terminated. Further updates will be provided in due course.

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Nov 26 2024, 08:48 GMT

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