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

Foreign operations, Electromedical and Electrotherapeutic Apparatus Manufacturing, Norway, Medical Instruments and Supplies, Medical Monitoring & Diagnostic Eqp, Abstract, Medical equipment and supplies industry, Medical equipment industry, Diagnostic equipment (Medical), Patient monitoring equipment, Shield Diagnostics PLC, Axis Biochemicals ASA

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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.

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Drugs, Securities prices, Pharmaceutical industry, Securities, British Biotech PLC

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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.

Motor vehicle parts and accessories, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Automobile equipment and supplies industry, Automotive parts industry, Automotive parts, Smiths Group PLC

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