Exuberance at the prospect of an incoming wave of special-purpose acquisition company (Spac) listings in the UK following August's rule change may be premature, but not necessarily irrational.
Announcement follows a series of discussions with potential strategic and financial investors
Board of the UK-based listed pharmaceuticals company has agreed to the offer
Venture capital firm Felix Capital appoints Susan Lin and Julien Codorniou as its new partners
Private equity suitors could preempt the auction given the popularity of the space