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BQE - Bioquell News Story

587p 0.0  0.0%

Last Trade - 15/01/19

Sector
Healthcare
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £30.5m
Position in Universe th / 1819

BUZZ-Bioquell: Surges to multi-year high on accepting Ecolab's offer

Fri 30th November, 2018 9:11am
** Shares of medical equipment maker Bioquell Plc  BIOQ.L 
jump 37 pct after it accepts U.S.-based Ecolab Inc's  ECL.N 
offer of 140.5 mln stg ($179.81 mln)
    ** Stock top pct gainer on London Stock Exchange  .LSE 
    ** Bioquell shareholders will receive 590 pence/shr in cash,
a premium of about 40.5 pct to last closing price
    ** Deal will give Ecolab access to Bioquell's
bio-decontamination, deep-cleaning tech
    ** Ecolab will fund the deal using existing cash resources
    ** Deal expected to close in Q1 2019
 ($1 = 0.7814 pounds)

 (Reporting by Tanishaa Nadkar in Bengaluru; Editing by
Gopakumar Warrier)
 ((tanishaa.nadkar@thomsonreuters.com; +91 8067491691; Reuters
Messaging: tanishaa.nadkar.thomsonreuters.com@reuters.net))
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