Lifewatch in talks with alternative buyers in attempt to prevent takeover by Aevis Victoria
The board of LifeWatch (SWX: LIFE) is in talks with alternative buyers, Schweiz am Sonntag reported. Citing unnamed banking sources the Swiss weekly publication said the board is trying to prevent the takeover by Antoine Hubert's Aevis Victoria group by finding alternative buyers. Talks with medtech groups are underway, the report stated.
Source close to the company said a strategic partner with knowledge of the medtech business would be a better fit. The report named GE Medical Systems Information Technology as a potential strategic partner. The sources also expressed confidence that an alternative buyer would be found before Aevis Victoria's offer expires on 10 April, the report noted.
Huber and another Aevis director, Antoine Kohler, are members of the LifeWatch board, the report added.