Business Services Industry
Court nod for Mayne demerger.
Australasian Business Intelligence, November, 2005
Nov 20, 2005 (The Australian - ABIX via COMTEX) -- Victoria's Supreme Court has paved the way for Mayne Group to de-merge and begin trading as two separate companies. The court has approved the proposal that will see the company split into two - the international Mayne Pharma pharmaceuticals business and the
domestic health care business, to be known as Symbion Health. Trading in the two companies will begin on 21 November 2005, with Citigroup valuing Symbion shares at $A2.97 each and Mayne Pharma shares at $A2.41 each.
Publication Date: 19 November 2005
MAYNE GROUP LIMITED - ASX MAY:
MAYNE PHARMA LIMITED - ASX MYP:
SYMBION HEALTH LIMITED:
SUPREME COURT OF VICTORIA:
CITIGROUP PTY...
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