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Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Company’s operations also include a sales operation in Germany.


TSX:VLN - Post by User

Comment by Possibleidiot01on Feb 16, 2023 5:02pm
164 Views
Post# 35290853

RE:RE:RE:Any chance of a better offer coming in?

RE:RE:RE:Any chance of a better offer coming in?"“This agreement is the culmination of an extensive and robust review of strategic options to maximize shareholder value......"

In other words they shopped the company around ; Stephen Takacsy has mentioned a possible takeover for years.

"The Transaction represents the best and highest proposal received by the Special Committee as part of its process."

I doubt the controlling shareholders would have accepted the offer if they thought there was the slightest chance of a higher offer. Their control assures the deal closes.
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