Video-capsule endoscopy developer Given Imaging has ended its previously announced exploration of a possible sale or merger transaction.
After a thorough evaluation, the board of directors' executive committee unanimously concluded that the continued execution of Given's operating plan, supplemented by additional acquisitions and alliances, provides the best opportunity for the company to enhance value for all of its shareholders.
In other developments, Given said that Discount Investment has informed the company that it intends to consider a sale of its 45.5% stake in the company.
