RE:RE:Hmmm Yes, to see Getinge plan a $600 M Canadian financing, completely backed by their controlling (49% voting) shareholder who guarantees he will purchase all or any shares in the issue that others do not pick up, suggests they may be planning a play for TOS of a similar amount, though they, obviously, cannot say this and state they might use the financing to address debt as well as other balance sheet issues related to spinning off part of the company as previously announced. Exact terms of the financing are to be made public by next month.
Here is the link to the presentation they put out for the conference call to discuss last evening (7 PM EST): https://www.getinge.com/siteassets/about-us/investors/reports-presentations/presentations/2017/conference-call-presentation---planning-for-a-rights-issue.pdf
Also note the disclaimer at the bottom of the first slide restricting this info from N. American among other international markets, so please don't read or acess the link if you are in these areas: "June 14, 2017 Not for release, publicaton or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such distribution of this presentation would be subect fo legal restrictions."
The comments of the chairman and controlling shareholder, Bennett, are particularly interesting: "Getinge is a strong company with healthy cash flows that could be used to strengthen the balance sheet. However, we want to be able to act faster to create greater scope for action, which is why I am guaranteeing the entire new share issue," Carl Bennet, Getinge's chairman, said in a statement. Shares of Getinge dropped about 5% on the news.
For Getinge to make a move to acquire TSO3 in the range of $6 - 7 per share Canadian implied by this Getinge financing seriously undervalues the potential and present worth of our company!