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Fidson Healthcare Plc, one of the leading healthcare product provider in the domestic economy has debunked the news making the round that it’s discussing with May & Baker Plc with a purpose of Merger/acquisition with the latter.
According to a statement sent to the Nigerian Stock Exchange NSE, on Thursday and signed by the company’s secretary, Mr.Abayomi Adebanjo, the company said expressly that, it is not in any negotiation either overtly or covertly with any of its competitors in the pharmaceutical industry.
“The Nigerian Stock Exchange drew our attention yesterday, to a publication in the BusinessDay newspaper of Monday, 22nd May 2017 in which an assertion was made that Fidson Healthcare Plc was in a negotiation with a competitor company, May & Baker Nigeria Plc with a view to acquiring or merging with the latter.
“We hereby state unequivocally, pursuant to the provisions of Rule 17.10, Part C, of the Nigerian Stock Exchange that: Fidson Healthcare Plc is NOT, whether directly or indirectly nor through any Financial Consultant in any form of discussion, negotiation or consultation whatsoever, that may lead to an acquisition or a merger of the two undertakings.
The company explained that, “There is no discussion of any sort either contemplated or ongoing in respect of any proposed acquisition of May & Baker Nigeria. Noting that the information going round in that regard is baseless, speculative and unrelated and in no way connected with the decisions of the Board of directors and Management of Fidson Healthcare Plc.
“The entire public and the capital market, in particular, are hereby advised to ignore this speculative publication and treat it only as a rumour as it never emanated from Fidson Healthcare Plc. 2 We, therefore, call on all our stakeholders including The Nigerian Stock Exchange and The Securities and Exchange Commission to disregard this unwholesome publication” it added.
