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Sale of Fisons' scientific instruments delayed:

This article was originally published in Clinica

Executive Summary

Embroiled in fighting a hostile bid from Rhone-Poulenc Rorer as Clinica went to press, UK pharmaceuticals company Fisons is suffering further delays to the disposal of its scientific instruments division. After a third delay, the new completion date of the sale to US-based Thermo Instrument Systems is November 17th. Thermo says it expects further delays before receiving the US Federal Trade Commission's go-ahead. As for the bid for Fisons, RPR has increased its offer to 265 pence from 240 pence previously.

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