Brief: LifeWatch recommends rejection of Aevis Victoria offer

Aevis Victoria SA

10/03/2017 16:45

March 10 (Reuters) - LifeWatch AG  LIFE.S  
    * Recommends rejection of the Aevis Victoria  AEVS.S  offer 
and continues solicitation process 
    * Solicitation process with other parties is on-going and 
company will report to shareholders as soon as situation allows 
    * Says committee sees more value for company and company's 
shareholders by further pursuing company's strategy on a 
stand-alone basis or by combining with a suitable industrial 
partner 
    * Says there is no identifiable strategic benefit for 
LifeWatch in a combination with Aevis Victoria sa and no clear 
rationale as outlined in prospectus 
    * Says there is no identifiable revenue or cost synergies 
available through a combination with Aevis Victoria  
 
Source text for Eikon:  ID:nEQ4Bwwyk  
Further company coverage:  LIFE.S  
 
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