UK 05:17 Monday, 26 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Microgen plc (MCGN) has announced that, whilst its preferred structure remains a refinancing investment of Elektron Technology plc (EKT), having been advised by Elektron’s board that only offers for the company as a whole would be considered, it has submitted a potential offer of 5p per share which has been rejected. With Microgen adding that “without a recommendation from the board of Elektron, Microgen confirms that it is inappropriate to proceed with its offer proposal at the present time”, the following updates on the situation here.
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