TAM has a market cap of $20m.
The MLX deal was worth about $52m and the NST deal is $72m.
As things stand it would have been cheaper for MLX to have simply acquired TAM. To ensure they had control over that process they should have gradually bought shares TAM on market to a max of 20% and then gradually increased their stake without making a formal bid, as allowed under the law.
It looks as if NST is determined to constrain the growth of what it sees as a rival.
loki
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