Further thoughts on Silk Laser (SLA.AX) (Updated 1/6/2023)
acidinvestments.substack.com
**Update at bottom of article Previous article Quite clearly my initial prognostication of a direct bidding war was flat out wrong - I underestimated the underlying game theory and Wes’ acquisition discipline. As of this morning, Wes has indicated that it will not exercise matching rights i.e. to match EC’s superior offer; accordingly, Wes’ process deed will be terminated and EC will be granted due diligence.
Further thoughts on Silk Laser (SLA.AX) (Updated 1/6/2023)
Further thoughts on Silk Laser (SLA.AX…
Further thoughts on Silk Laser (SLA.AX) (Updated 1/6/2023)
**Update at bottom of article Previous article Quite clearly my initial prognostication of a direct bidding war was flat out wrong - I underestimated the underlying game theory and Wes’ acquisition discipline. As of this morning, Wes has indicated that it will not exercise matching rights i.e. to match EC’s superior offer; accordingly, Wes’ process deed will be terminated and EC will be granted due diligence.