Shares in Advanced Medical Solutions fell sharply on Monday after private equity firm TA Associates confirmed it would not proceed with a potential bid for the UK wound-care specialist, according to a report by Reuters.
The stock dropped as much as 24% in early trading before recovering slightly to trade down around 20% at 197.2 pence by mid-morning in London.
Advanced Medical Solutions, which develops and supplies wound-care dressing technologies, said it remained confident in its standalone st...
Continue Reading
Sign up for FREE to read the full article and access 128K+ alternative investment headlines.