UK's Niox down 22 percent after halting private sale process

Niox

11/04/2025 08:36

** Shares of medical devices group Niox NIOX.L tumbles 21.9% at 55.04 pence - lowest since July 2023

** Stock set to record its worst day since June 2016

** Co discontinues private sale process, viewing it as non-optimal for shareholders at present

** Keensight confirms it does not intend to make a firm offer for Niox due to the current macro-economic backdrop

** NIOX up 11.8% YTD

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))