Shield Diagnostics shares are mired despite claim of progress with Axis
Article Abstract:
Shield Diagnostics PLC's shares continue to flounder despite its assurances over its proposed merger with Axis Biochemicals ASA. Doubts are arising over Shield Diagnostic's planned fund raising. The company stated that it was still engaged in talks with Axis over the merger. Shield Diagnostics is hoping to reach a merger agreement sometime during the latter half of February 1999. It is believed that Shield will have to pay approximately 10 million to 12 million pound sterling ($16.3 million to $19.6 million) for Axis.
Comment:
Shield Diagnostics's shares continue to flounder despite its assurances over proposed merger with Axis Biochemicals
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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British Biotech sees shares jump on drug talks
Article Abstract:
British Biotech PLC saw its share value increase by 20% as the firm continued partnership negotiations with other pharmaceutical companies. British Biotech is hoping to form a partnership for its Marimastat drug.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Smiths considers possible spinoff of automotive unit
Article Abstract:
Smiths Group PLC is considering spinning off its automotive unit if interested parties do not make an adequate cash offer. The move could force interested parties to increase their bids.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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