Merger talks boost Seton Scholl
Wednesday 05 May 1999
The companies said that any deal, which would give Seton considerable marketing advantages, was likely to involve a share swap. Analysts believe a combined group would be worth pounds 1.4bn. LIG announced it was in talks with an unnamed party in January after its shares were devastated by a profits warning before Christmas. It has since spoken to US competitors such as Safeskin, a surgical gloves maker based in San Diego, California. LIG shares fell 2.5p to close at 177.5p.
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