Amadeusz Juskowiak

Rospatch rpch rejects diagnostic drs bid

Rospatch Corp said it rejected a proposal by Diagnostic Retrieval Systems Inc to acquire its stock at 22 dlrs a share

Rospatchs board believes that the long term interests of its shareholders will be best served by continuing as an independent public company at this time the company said in response to an unsolicited offer from Diagnostic Retrieval

Rospatch said Diagnostics offer of February 27 is a variation of a previous offer in January the nature of which was not disclosed

Rospatch said it advised Diagnostic Retrieval that it would be contrary to the best interests of the corporation to engage in any discussions concerning a business combination with Diagnostic Retrieval

Reuter