Share Prices & Company Research

Market News

15 Jan 2019 | 13:53

NetScientific closes formal company sale process after no bids emerge

Healthcare intellectual property commercialisation group NetScientific said it had closed a formal sale process for the entire company after it failed to attract bids.

The company had announced in December that it wasn't talking to any potential suitors.

'This remains the case and the board is not aware of any parties who might now make such an approach or initiate such discussions,' NetScientific said.

The company said it continued to assess all of its remaining strategic options, including seeking additional funding from its shareholders.

Another option included taking material action to further cut costs, which may include seeking a de-listing, it added.

At 1:53pm: (LON:NSCI) Netscientific Plc share price was -2.74p at 3.76p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.