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SciSys

  • BY: Andrew Hore |
  • POSTED: 16/04/2008 |

SciSys says that it has rejected Microgen’s indicative proposal.

Microgen tabled the indicative offer at a meeting on 11 April. It services provider SciSys subsequently decided that it “did not represent shareholders’ best interests”.

Microgen retains its 12.89% stake in SciSys. It says that it is still interested in a merger on the terms offered to SciSys.

SciSys shares have slumped 6.5p to 43.5p.

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