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Axis-Shield CEO: no still to Alere offer but could sell up if price is right

This article was originally published in Clinica

Executive Summary

Axis-Shield will not be changing its position over Alere's 460p per share takeover bid, and plans to urge shareholders to reject its offer, CEO Ian Gilham told Clinica. However, he hinted that a higher bid, or a counter-offer from another company, might be more likely to succeed.

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