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Don't give in to Alere, analyst tells Axis-Shield shareholders
16 August 2011
Tina Tan
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- Axis-Shield CEO: no still to Alere offer but could sell up if price is right
- Alere raises stake in Axis-Shield as shareholders buckle under pressure
- Alere extends tender offer for Axis-Shield stock as shareholders stand their ground
- No surprise, as Axis-Shield tells shareholders to reject Alere's "opportunistic and hostile" bid
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