Life sciences businesses: ICI Pakistan deliberation acquisition
KARACHI: WICI Pakistan Limited announced on Tuesday it is deliberation a intensity merger in propinquity to a life scholarship business portfolio.
The company, however, did not divulge a name of a entity it is considering.
The merger is “subject to finalisation of negotiations of blurb terms, execution of due diligence, execution of decisive agreements and receipt of regulatory approval,” Saima Kamila Khan, Company Secretary, ICI Pakistan pronounced in a notice sent to a Pakistan Stock Exchange.
Share cost of a association increasing 0.64%, or Rs5.66, and sealed during Rs878.10 with a volume of 64,400 shares during a Exchange.
Wyeth Pakistan divestment
In a apart presentation to a Exchange, Wyeth Pakistan – a curative organisation – pronounced it is deliberation offered a prolongation trickery along with some of a products being constructed there.
“A vital offer is being deliberate by a Board of Wyeth Pakistan Limited for ordering of a production trickery and certain associated products done during a facility,” Dr. Farid Khan, Chief Executive of a organisation pronounced in a notification.
“No avowal of element information has been done by a association in this honour as a association believes that no preference has been taken by a Board in propinquity to a offer and it would have been dubious for a marketplace to make any pre-mature disclosure,” he added.
The company’s share increasing by a extent top extent of 5%, or Rs217.40, and sealed during Rs4,565.40 with a volume of 2,860 shares.
Published in The Express Tribune, Dec 7th, 2016.
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Article source: http://tribune.com.pk/story/1255646/life-sciences-businesses-ici-pakistan-considering-acquisition/