Jun. 3 at 6:12 PM
$MLYS The chances of acquisition have risen significantly after today’s news. This is a small company with no commercial experience. Does anyone really think they would dilute, spend
$200M cash and take debt to buy back mid-single-digit royalties, up to 10%, before approval?
Absolutely not. This looks like a classic pre-M&A move: the buyer wants the whole package clean, without royalties, while
$MLYS needs to show strength and be well funded in case the deal isn’t finalized.