LONDON (Thomson Financial) - IDMoS PLC said it estimates its current
reserves will finance its operations until March 1 2008, in the absence of
additional capital from a financing, a corporate transaction or an alternative
form of funding.
IDMoS, a specialist in disease detection and monitoring technology, said it
is actively looking at funding options and pursuing all such opportunities
including seeking buyers for the company, adding it has identified a number of
potential opportunities to release value for its shareholders.
On Feb 8, the company announced it was contemplating a range of transactions
with a private, profitable company, including an offer for its entire share
capital, after warning that performance would fall significantly short of market
expectations.
TFN.newsdesk@thomson.com
vsr/vlb
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|