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CORRECT: Fastnet In Talks For Reverse Takeover Of Amryt Pharma (ALLISS)

Mon, 22nd Feb 2016 10:33

(Correcting that Amryt Pharmaceuticals is based in Ireland.)

LONDON (Alliance News) - Fastnet Equity PLC shares were suspended on Monday after the company said it was holding advanced talks on a reverse takeover.

Fastnet said it is in advanced discussions with Ireland-based Amryt Pharmaceuticals DAC for a deal which would constitute a reverse takeover and see Fastnet focused on late-stage, specialty biopharmaceuticals.

As the deal would be a reverse takeover, Fastnet has requested its shares be suspended from trading pending publication of an admission document detailing the proposed deal.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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CORRECT: Fastnet In Talks For Reverse Takeover Of Amryt Pharma (ALLISS)

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