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PLC Systems Inc. Message Board

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  • jacosa jacosa Mar 30, 2010 10:58 AM Flag


    Look to JAV for a company in health care with a sure winner but no remaining money. Not an unlikely outcome: take-out at a price above market but well below what holders would like. And all stock. I'd GUESS $0.40-0.50 nominal value.

    Since there aren't really any third-line diversified medical equipment suppliers left in the US, I'd expect a European buyer. This could take some time. (The easiest way to do it might be a management LBO followed by private sale--I think Avaya did that a couple years ago if anyone wants to look at mechanics).

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    • Jacosa,

      I agree. The takeout price will likely be at some premium to the exercise price of management options which is .26. .40 or .50 is not unreasonable. I think it would be more attractive to a European buyer given that it has EU approval and some distribution. I am not convinced that RG is a sure winner. The kit/console numbers don't give me much confidence.

    • And on my guess that a European buyer for PLC makes more sense than a North American one, this is probably not a great time for a medium-size European company to tie up money. So MORE days of nothing.

      On the plus side, JAV, my example of a comparable situation, got a sweeter deal at the last minute.

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