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Microgen v. Elektron – why shareholders of the latter may want to demand some answers

By Steve Moore | Thursday 22 May 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The board of fully-listed Microgen plc (MCGN) has “decided to pre-emptively publicly declare its interest” in AIM-listed Elektron Technology plc (EKT) after considering some of Elektron’s non-disclosure terms “inappropriate to the circumstances and unacceptable”. The following reviews with Elektron having hit back that “all other participants in the formal sale process entered into a uniform non-disclosure agreement on the same terms in all material respects as those offered to Microgen”.


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