Has already been approached by a few companies investigating potential to produce their products in the Sarnia asset according to Nextant report back in February. There has been strong interest from several companies before this buyout opportunity. This is especially an overhead cost cutting opportunity for their partners.
This bidding process has generated many interested bidders in a short time. They have 20 interested bidders. (18 from report + additional 2 mentioned in last hearing). This process often takes months and they can get extension if needed but they probably accepted these quick deadlines because they probably knew companies that are really interested in them.
"BioAmber has a number of strategic and financial investors evaluating an investment as part of the SISP. We are optimistic that the closing of a transaction will provide our customers long term supply assurance from the Sarnia facility.” They seem confident in the PR from June 18
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