I notice that the word 'profitable' is used a couple times in the announcement to describe the proposed new entity, always promising.
Concerns are the amount of proposed dilution. Anyone have any thoughts?
"MLA Managing Director, Mark Donnison, said: “This is a company transforming acquisition for MLA, as it creates a unique and profitable human and animal healthcare company with unparalleled capabilities and competitive market advantages. Once the transaction is completed, MLA will have a truly global presence and the financial flexibility to fast-track growth in both the human and animal healthcare markets."
“By combining MediVet’s expertise in the animal health market and MLA’s brand heritage and supply chain processes, we now have the opportunity to achieve significant cost and scale efficiencies and improved profitability. These synergies deliver further upside potential and position the new business on a path of rapid growth across multiple markets.”
MLA Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held