IOC recommends SDL offer

IOC recommends SDL offer
Alex Mayhew-Smith IOC’s board of directors has recommended to the company’s shareholders to accept an offer for the firm by SDL. The merger, through a 92.6p a share offer, will give IOC greater resources to develop its products, said the board. In the six months to March 31, 1999 IOC saw a loss of ?982,000, compared to a loss of ?1.7m for the same period last year, and turnover fell slightly from ?2.5m to ?2m.


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