BALKANPHARMA IN COURT FOR BUY OUT OFFER DENIAL

Business | August 31, 2001, Friday // 00:00| Views: | Comments: 0

Balkanpharma Holding will challenge the State Committee on Securities and Stock Exchanges /SCSE/ in court for the banned buy-out offer, made by the Balkanpharma holding for the residual shares from the stock of its three facilities in Doupnitsa and Troyan. The SCSE banned the offer because the offered price was too low. Balkanpharma legal advisers claim that SCSE has objected not against the buy-out offer but rather against some of the attachments to it and that is why the court challenge may be successful.
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