18th May 2020 10:27
(Alliance News) - Collagen Solutions PLC on Monday said that it is evaluating three different types of potential transactions, received as part of the company's formal sale process.
Shares in the company were up 16% at 2.50 pence each in London.
The company, which manufactures biomaterials and regenerative medicines, in April decided to conduct a formal review of various strategic options to maximise value for shareholders. These options included, but were not limited to, the potential sale of the entire company or the sale of one or more of the company's assets.
Collagen, as part of the process, has received indications of interest in respect of a purchase of the entire company as a whole, a purchase or investment in a part of the business of the company and a refinancing of the company.
The company said it is engaging with relevant parties "in a constructive and positive manner with a view to optimising value for shareholders".
Collagen Solutions, however, warned that there can be no certainty of any kind of transaction.
By Tapan Panchal; [email protected]
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