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The potential acquisition of $TH by TDR appears to have fallen through. The special committee overseeing the deal has been disbanded, and management has indicated that TDR never reaffirmed its initial bid of $10.8 following a significant contract loss. This has raised questions about the process and the future of $TH. Management also highlighted that $TH has an authorized buyback program of $100 million, with $78 million to $79 million remaining as of May. The situation remains fluid as investors speculate on TDR's next moves, including the possibility of a direct tender offer to shareholders at a revised bid of $9-10 per share.
Why is TDR not on the tape w/ their $TH 13D yet? Its been 2+ days since management publicly blasted them and said they weren't good at $10.8. What if they want to tender directly to shareholders? Maybe they cut their bid post Dilley loss (reasonable) and offered $9-10/share;…
Enjoyed the site visit to $MBX.TO today. The company is primed for growth after investing in facilities and systems for the past few years. If growth comes in as expected there s/b operating leverage. Kinlytic which is a high probability lottery ticket also seems on track. https://t.co/HmsvBsRUeW
2 Key take aways from $TSSI presentation at the Microcap Rodeo this week: *Basically took raising equity off the table to expand manufacturing capacity. *Hinted that its OEM partner will support some of their CAPEX needs. *Full transparency on how the businesses model works.
