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Malin ( (MLLNF) ) has provided an announcement.
Malin Corporation PLC has announced a proposal to return up to €150 million to shareholders through a tender offer, with the tender price set at €10.30 per share. The decision follows successful divestments, including the sale of Poseida to Roche and the divestment of CG Oncology. The offer represents a 17.1% premium over the recent closing price and is consistent with Malin’s strategy to return excess capital after realizing value from investments. An Extraordinary General Meeting is scheduled for March 2025 to approve the necessary resolutions for this tender offer.
More about Malin
Malin Corporation PLC is a company involved in managing and realizing value from its investments in various industries. The company focuses on returning excess capital to shareholders following successful divestments, as part of its long-standing strategy.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $197.2M
For detailed information about MLLNF stock, go to TipRanks’ Stock Analysis page.
