BioAmber Inc fka BIOAQ

[rockettjay]

In short, the strategic buyer is buying the company in light of how it will enhance their existing operations. They are often willing to pay for readily realizable synergies, and many times will pay for speculative synergies, particularly if the target company is being marketed to other competitors (through some type of “auction”). Strategic buyers are much less likely to retain all of the current personnel.

https://mercercapital.com/article/financial-vs-strategic-buyers/