Delcath Systems Inc (DCTH)

[Potfolio]

Delcath and Linkedto Partners Offer History


I've seen this brought up a few different times now. For those not in the know here is a brief summary of timing, how they raised their holding stake, etc.

Ending 2014 they had 160M shares..but did a 16-1 split earlier...believe that means there were about 10M shares at the time...or $30M buyout offer. just my math...someone would need to verify.

https://www.sec.gov/Archives/edgar/data/872912/000114036115011362/form10k.htm


Linkedto Offer
https://www.prlog.org/12367842-delcath-systems-unsolicited-bid-of-285-made-by-activist-firm-seeks-discussions.html

Linkedto seeks talks on $2.85 per share unsolicited bid for Delcath SystemsLinkedto Partners stated in a press release that it is seeking talks with Delcath Systems board of directors for an unsolicited non-binding offer for the company at $2.85 per share. Linkedto Partners would obtain cash or credit financing from from a big Middle East investment fund it is collaborating with for the deal pending various potential due diligence on Delcath Systems, the investor stated. Reference Link

Read more at:
https://thefly.com/landingPageNews.php?id=2064988





Shareholder drops bid for DelCath
Citing its inability to meet with Delcath Systems' (DCTH -6.1%) management and BOD, among other issues, shareholder Linkedto Partners withdraws its $3 per share bid and sells its stake in the company.
Sep. 17, 2014, 1:38 PM | 2 Comments







Potential suitors surface for Delcath
Shareholder Linkedto Partners says two NASDAQ-traded firms have approached it about a merger or buyout of Delcath Systems (DCTH +4.3%).
Linkedto has the support of 4.9% of DCTH shares. It is calling for a sale of the company as a means to unlock shareholder value. Last week, it upped its non-binding offer to $3.00 per share.
Sep. 15, 2014, 10:42 AM







Delcath shareholder recruits supporters
Activist shareholder Linkedto Partners says it and its allies now control 4.8% of Delcath Systems (DCTH +0.4%) common stock. In conjunction with recruiting support, it recently sent communications to each board member regarding the company's underperformance and the need for a sale.
Linkedto also states that it has become aware that the BOD has had discussions with potential acquirers, including Medtronic, over the past few years about a potential transaction.
The market remains unconvinced. Shares were up a fraction today on turnover of only 15.5K shares.
Sep. 11, 2014, 4:31 PM | 2 Comments







Delcath shareholder raises "offer" again
Delcath Systems (DCTH +0.4%) shareholder Linkedto Partners raises its unsolicited non-binding offer for the company to $3.00 per share. Yesterday, its offer was $2.90. This past Friday it was $2.85. At this rate, Delcath can continue to ignore Linkedto's overtures and expect to get a $6.00 offer by mid-October.
Linkedto controls less than 1% of the stock so it is highly unlikely to make any progress until it can corral a large enough stake to get management's attention.
Considering DCTH's current price of $2.38 (unchanged), the market is not regarding the action seriously either.
Sep. 9, 2014, 10:40 AM | 1 Comment







Shareholder makes unsolicited bid for Delcath
Delcath Systems (DCTH +1.3%) shareholder Linkedto Partners makes an unsolicited non-binding $2.85 per share offer for the company. The offer represents a 19.2% premium over the current price of $2.39