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BTGWed, 30th Jan 2019 17:40
LONDON (Alliance News) - BTG PLC on Wednesday said that investment manager Invesco reduced its stake in the FTSE 250-listed healthcare firm on Tuesday to 7.96% from 15.99%.
On the same day, hedge fund Pentwater Capital Management LP now holds a 7.96% interest in BTG. It has not known how much of a stake Pentwater held in the company previously, if any at all.
Shares in BTG closed up 0.1% at 829.07 pence on Wednesday.
Investec reiterated a 'buy' rating and price target of 647p for pharmaceuticals firm BTG after reappraising its key product Varithena. The bank said investors overreacted to concerns over BTG's earning profile, in particular the varicose vein treatment Varithena. "After interviewing physicians and
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