Fidson Healthcare Plc (NGSE:FIDSON) and May & Baker Nigeria plc (NGSE:MAYBAKER) denies being in merger talks. Fidson Healthcare said, “We hereby state unequivocally, pursuant to the provisions of Rule 17.10, Part C, of the Nigerian Stock Exchange that Fidson Healthcare Plc is NOT, whether directly or indirectly nor through any Financial Consultant in any form of discussion, negotiation or consultation whatsoever, that may lead to an acquisition or a merger of the two undertakings. There is no discussion of any sort either contemplated or ongoing in respect of any proposed acquisition of May & Baker Nigeria.

The information going round in that regard is baseless, speculative and unrelated and in no way connected with the decisions of the Board of directors and Management of Fidson Healthcare Plc. The entire public and the capital market, in particular, are hereby advised to ignore this speculative publication and treat it only as a rumour as it never emanated from Fidson Healthcare Plc. We, therefore, call on all our stakeholders including The Nigerian Stock Exchange and The Securities and Exchange Commission to disregard this unwholesome publication.”