Tuesday, 5 August 2014

What's up with Evotec?

I have been hearing some pretty interesting things recently about a German drug developer called Evotec AG.

To be honest, it's not clear to me exactly what is going on with this stock.

Geoff Foster, though, recently suggested that a British pharmaceutical company was lining up a EURO 5 a share offer for the business.

Here is a link to the veteran Daily Mail reporter's market report piece (to be clear, I have no view on Foster's J Sainsbury story within the market report):


However, I suspect that if - and that is a big if - there is an actual real takeover bid out there, it is more likely to come from a French or Swiss pharmaceutical company rather than from the UK.

It's all very mysterious but one to keep an eye on nonetheless during the quieter August period.

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