Malin ( (MLLNF) ) has shared an announcement.
Malin Corporation plc announced the successful closure of its Tender Offer, which was oversubscribed, resulting in the acquisition of 14,563,106 Ordinary Shares for approximately €150 million. This acquisition represents about 77.1% of the company’s issued ordinary share capital. The oversubscription indicates strong shareholder interest and could enhance Malin’s market positioning by consolidating its share capital, potentially leading to increased shareholder value.
More about Malin
Malin Corporation plc is an investment company focused on highly innovative life sciences businesses. It aims to create shareholder value by applying long-term capital and strategic expertise to a diverse range of global healthcare companies. Malin is headquartered in Ireland and listed on the Euronext Growth Dublin.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $218.3M
Find detailed analytics on MLLNF stock on TipRanks’ Stock Analysis page.