Report by Betaville

On the morning of 8th Feb 2024 Betaville published a paywall protected UNCOOKED Alert re. the renewed takeover rumours circulating about SMDS and highlighted one of the rumoured acquirers as MNDI. An hour and a half later SMDS confirmed it had received an approach from MNDI to create a £10bn packaging giant. SMDS shares initially rose 16% on confirmation of the Alert. Other Betaville Intelligence Alerts that have recently been confirmed include Italy-listed oil refiner Saras and Germany / US-listed pharmaceutical company MorphoSys.