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BRIEF-SciClone announces end of go-shop period with no parties designated as excluded parties
August 10, 2017 / 8:20 PM / 7 days ago

BRIEF-SciClone announces end of go-shop period with no parties designated as excluded parties

Aug 10 (Reuters) - SciClone Pharmaceuticals Inc

* Sciclone announces end of go-shop period with no parties designated as excluded parties

* SciClone Pharmaceuticals - ‍during "go-shop" period, financial advisor to co, under took broad solicitation effort, contacting 38 potential acquirers​

* Says ‍company received one alternative acquisition proposal​

* SciClone Pharmaceuticals - ‍expiration of "go-shop" period under terms of deal between co & consortium consisting of entities affiliated with gl capital

* SciClone Pharmaceuticals says ‍board unanimously determined alternative deal proposal would not reasonably be expected to result in "superior proposal"​

* SciClone Pharmaceuticals inc- ceased and terminated any existing discussion and negotiation with party that submitted alternative acquisition proposal​

* Says ‍SciClone is continuing to work with buyer consortium to complete merger in a timely manner​ Source text for Eikon: Further company coverage:

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