LONDON (Thomson Financial) - IDMoS PLC said trading of its shares on AIM has
been temporarily suspended at its request, in order to continue its attempts to
secure a transaction, and added that it will continue its commercial operations
"for a short period" beyond March 1.
The disease detection and monitoring technology specialist said it is in
talks with "a number of interested parties" to secure a transaction, which may
include an offer for the company.
While it is "actively" seeking buyers for the company, IDMoS said there can
be no certainty that an offer or any other transaction will be forthcoming.
On Feb 20, the company said that it did not have sufficient funds to finance
its operations beyond March 1, in the absence of any additional capital from a
financing, a corporate transaction or an alternative form of funding.
TFN.newsdesk@thomson.com
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