Author Topic: PACB - Pacific Biosciences of California  (Read 6925 times)

scorpioncapital

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Re: PACB - Pacific Biosciences of California
« Reply #40 on: November 13, 2019, 12:40:31 PM »
Does cma say someone else can buy pacb but nor illumina because pacb is running out of money and it would be funny if the government killed the company)


Spekulatius

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Re: PACB - Pacific Biosciences of California
« Reply #41 on: November 13, 2019, 03:58:26 PM »
Does cma say someone else can buy pacb but nor illumina because pacb is running out of money and it would be funny if the government killed the company)

Killing PACB may actually be an Ok outcome for Illumina, which is a scary thought for PACB shareholders. The Brits wouldn’t care too much about killing an US company either.
« Last Edit: November 13, 2019, 07:10:47 PM by Spekulatius »
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Jurgis

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Re: PACB - Pacific Biosciences of California
« Reply #42 on: November 13, 2019, 06:17:39 PM »
Does cma say someone else can buy pacb but nor illumina because pacb is running out of money and it would be funny if the government killed the company)

Killing PACB may actually be an Ok outcome for Illumina, which is a scary thought for OACB shareholders. the Brits wouldn’t care too much about killing an US company either.

No company - especially one with bleeding edge tech and patents - is ever "killed". Even if it runs out of money, someone will scoop the assets. I am not a lawyer, but it might be possible even for ILMN to buy the assets out of bankruptcy.
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Hielko

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Re: PACB - Pacific Biosciences of California
« Reply #43 on: November 14, 2019, 12:59:43 AM »
Does cma say someone else can buy pacb but nor illumina because pacb is running out of money and it would be funny if the government killed the company)

Killing PACB may actually be an Ok outcome for Illumina, which is a scary thought for PACB shareholders. The Brits wouldn’t care too much about killing an US company either.
The whole part of the document about PACB possibly exiting the market if the deal doesn't go through is pretty much completely redacted, but the conclusion of the CMA is that PACB would/could be viable as a standalone entity or that another party would be interested in buying it (perhaps not at the same price as Illumina, or they need to raise dilutive equity financing, but that's not a concern for the CMA). And I guess that's probably true. Their latest gen product doesn't seem to bad and if they can improve it more it could become more interesting.

scorpioncapital

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Re: PACB - Pacific Biosciences of California
« Reply #44 on: November 14, 2019, 01:11:39 AM »
Isn't it odd that the antitrust authority is asking pacb to find a plan b that ranges from a poorer deal to shareholder losses in the name of upholding competition because they have a technology so powerful even the company is clueless about it's prospects, although the company still has trouble making money? As a side note is it against anti trust for illumina to buy say a 49 percent stake instead of 100 percent ?

Hielko

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Re: PACB - Pacific Biosciences of California
« Reply #45 on: November 14, 2019, 02:25:28 AM »
I don't think that's particularly weird. Illumina has a huge market share, so it makes sense that any deal that they do raises competitive concerns. And quite possibly because they have such a dominant market position they are able and willing to pay more for a potential competitor than anyone else. If you have to approve every deal from the party that is willing to offer the highest price you can better just dissolve every antitrust regulatory agency.

scorpioncapital

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Re: PACB - Pacific Biosciences of California
« Reply #46 on: November 14, 2019, 02:38:14 AM »
It's a very odd situation. But I still don't understand why uk has any jurisdiction and if it can be made by agreement of illumina or pacb to dump the UK market. Has USA anti trust cleared the deal ?

writser

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Re: PACB - Pacific Biosciences of California
« Reply #47 on: November 20, 2019, 12:04:21 AM »
Conspiracy theory on the CMA deal block: https://homolog.us/blogs/tech/2019/11/18/illumina-offers-donate-pacbio-patents-will-that-save-nanopore/

fwiw I think it is total nonsense.
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