4BaseBio AG (4BSB.D. Market Cap Â£90m, â‚¬2.10, 2.1% of JIC Portfolio)
More on Sparta Agâ€™s intention to launch a bid at 2â‚¬ per share.
Sparta is an investment company founded in 1995. Essentially, it is the investment vehicle of Wilhelm K.T. Zours.
One suggestion is that Sparta wants to go over 30%, which would mean it would be forced to make an offer. It looks like it is pre-empting that event by making an offer now and seeing where it takes them.
One thing is clear, they like the company and its prospects. I canâ€™t see why any shareholder would sell shares to them at 2â‚¬ when the current price is 2.10â‚¬. Iâ€™m not surprised it is up 2.4% today.
Awaiting developments but in the meantime, Iâ€™m a Very Happy Holder and contemplating whether my High-Risk rating should be reduced to Medium!