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Velan Inc T.VLN

Alternate Symbol(s):  VLNSF

Velan Inc. is a Canada-based manufacturer of industrial valves. The Company designs, manufactures and markets on a worldwide basis a broad range of industrial valves for use in critical applications. It provides solutions to many sectors including power generation, nuclear, oil and gas, chemicals, LNG and cryogenics, pulp and paper, geothermal processes, shipbuilding, defense, and carbon-neutral technologies. Its product categories include quarter-turn valves; gate, globe, and check valves; cryogenic valves; HF acid valves; steam traps; bellows seal valves, and Velan ABV valves. Its service includes research and development, maintenance manuals (IOMs), spare parts and service center locations. Its quarter-turn valves include Memoryseal ball valves and VTP-2000 high performance three-piece ball valves. The Company's cryogenic valves include cast steel cryogenic valves and API 602 small forged cryogenic valves. The Company has manufacturing plants in approximately nine countries.


TSX:VLN - Post by User

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  • Possibleidiot01X
Comment by Possibleidiot01on Aug 02, 2023 1:32pm
272 Views
Post# 35569391

RE:today's price action

RE:today's price action
Possibleidiot01 wrote: Down $1.59 to $11 , seems like somebody might have guessed

Flowserve and Velan Extend the Outside Date of their Arrangement Agreement


Date now extended to September 7 which with a $13 offer would give a person if they paid the ask of $11.35 roughly a 10% plus return


Is the offer, dead in the water ? Still scheduled to close in the 3rd quarter.
The Company has its manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China and obviously there's a problem somewhere.
@$9.22 ask , that's potentially a 40- 41% return for just over a month of investment



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