From Intercytex’s website, i guess it means -as everyone expected those days- that they’re pretty much dead at the moment:
Clarification regarding Strategic Review
23rd February 2009
Following the announcement of the negative trial results and initiation of a strategic review on 20 February 2009, Intercytex Group plc (LSE: ICX) (“Intercytex” or “the Company”) would like to clarify that the options under review include a possible merger or sale of the business.
Intercytex is therefore deemed to be in an Offer Period for the purposes of The Takeover Code.
who’s next ?