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Given Imaging
GIVN today announced that it is ending its previously
announced exploration of a possible sale or merger transaction as
part of its evaluation of strategic options in order to maximize
growth and enhance shareholder value. After a thorough exploration,
the executive committee of the Board of Directors appointed to
oversee the process unanimously concluded that the continued
execution of the Company's operating plan, supplemented by additional
acquisitions and alliances, provides the best opportunity at this
time to enhance value for all of the Company's shareholders.
In addition, Discount Investment Corporation Ltd. has informed the
Company that it intends to seek and consider a sale of the 45.5% of
Company's outstanding shares it owns, directly or indirectly, in one
block. There can be no assurance that any specific action or
transaction will occur.
The Company does not undertake any obligation to update this
information.
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