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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: TheDad who wrote (566)	1/31/1999 11:41:00 PM
From: Beltropolis Boy	Respond to of 828

Safeskin CEO Declines to Comment on LIG Takeover Speculation Bloomberg News January 27, 1999, 10:03 a.m. PT New York, Jan. 27 (Bloomberg) -- Richard Jaffe, chairman and chief executive of Safeskin Corp., declined comment on whether his company intends to try to acquire London International Group Plc. ''We don't comment on market rumors,'' Jaffe, 45, said at the Bloomberg Forum. London International Group, which dominates the world market for condoms, said on Jan. 25 that it had received an unsolicited bid approach from an unnamed company, sending its shares soaring 27 percent that day by 35 pence to 163.5p. The shares rose 5p to 177.5p today. Shares of San Diego- based Safeskin, the leading maker of maker of disposable latex examination gloves, rose 13/16 to 24 7/16 in afternoon trading. LIG, the maker of Durex condoms and Regent surgical gloves, didn't disclose details of the approach on Monday, except to call it ''a preliminary unsolicited proposal regarding a possible merger.'' The approach to London-based LIG came weeks after its stock plunged by one-third when it posted a first-half loss and said full-year profit would fall.