Takeover Panel scrutiny on Unichem

Takeover Panel scrutiny on Unichem

The Takeover Panel is understood to be continuing investigations into "unusual" movements in the UniChem share price on Wednesday. A sharp rise in shares at one stage lifted UniChem's cash and paper offer for its rivals Lloyds Chemists to within 3p of a higher offer worth 500p a share launched by Gehe of Germany. Advisers to the drugs wholesaler are said to be convinced that everything was done properly, with no abnormal shares volumes going through particular market-makers.