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Fisons assaults "undervalued" Rhone-Poulenc Rorer (RPR) bid:

This article was originally published in Clinica

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Executive Summary

UK pharmaceutical company Fisons argues in its defence document countering a hostile bid that the Rhone-Poulenc Rorer offer undervalues the sales potential of its asthma medicine delivery devices. RPR's offer stands at 240 pence per share but could be increased by about 20 pence. Fisons' CEO Stuart Wallis says it would require a substantial increase in the offer to tempt Fisons to consider it seriously.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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