27th Sep 2013 13:28
LONDON (Alliance News) - Vindon Healthcare PLC Friday said the cash offer by Source BioScience to acquire the entire share capital of Vindon became unconditional on September 17.
The company said that two of its non-executive directors Richard Hughes and Martin Burrill have resigned with immediate effect.
Vindon said that the offer will be closed to further acceptances on October 2 and that Source BioScience had implemented the "squeeze out" procedure available to it to compulsorily acquire all of the outstanding Vindon Shares which it does not already hold.
Vindon shares remained flat at 13.25 pence Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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