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Brave Bison – currently not to make an offer for Mission Group, hitting out at Mission’s board

By Steve Moore | Monday 10 June 2024

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.

Having most recently announced a possible offer proposal of 13.9 shares for each share in Mission Group (TMG) with also a partial cash alternative, Brave Bison (BBSN) has now announced that it “is not willing to advance the possible offer without due diligence or access to key management. As such, Brave Bison confirms that it does not intend to make an offer”, with this with it “disappointed by the lack of engagement from the Mission board”. What of this with Brave Bison’s shares most recently at 2.45p and those of Mission Group currently more than 11% lower at 24p?
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