26th Oct 2006 11:00
Isotron PLC26 October 2006 26 October 2006 For immediate release Isotron plc Announcement from the Board of Directors of Isotron Isotron rejects Synergy Healthcare's offer The Board of Isotron plc ("Isotron" or the "Company") notes the announcementmade this morning by Synergy Healthcare plc ("Synergy") of its offer for theentire share capital of the Company on the basis of 1.0973 Synergy shares forevery Isotron share, together with a cash alternative of 700 pence per Isotronshare (the "Offer"). The Board of Isotron, which has consulted with its financial advisors, JPMorganCazenove, has no hesitation in rejecting the terms of this unsolicited Offerwhich significantly undervalues the Company by failing to reflect Isotron'sleading market position and quality of earnings. The Board of Isotron will send its detailed views to shareholders in due course. In the meantime, Isotron shareholders should take no action in relation to theOffer. A further announcement will be made in due course, as appropriate. For further enquiries: Hudson Sandler-Tel: +44(0) 207 796 4133 Alistair Mackinnon-Musson JPMorgan Cazenove-Tel: +44 (0) 207 588 2828 Michael Wentworth-Stanley James Mitford JPMorgan Cazenove, which is authorised by the Financial Services Authority, isacting exclusively for Isotron and no one else and will not be responsible toanyone other than Isotron for providing the protections offered to clients ofJPMorgan Cazenove or for providing advice in relation to matters referred toherein. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SYR.L