FIDSON Refutes Merger And Acquisition with MAYBAKER


Friday, May 26, 2017 4:38 PM/NSE

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:

1.       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.

2.      There is no discussion of any sort either contemplated or ongoing in respect of any proposed acquisition of May & Baker Nigeria.

3.      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.

We, therefore, call on all our stakeholders including The Nigerian Stock Exchange and The Securities and Exchange Commission to disregard this unwholesome publication.

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