Thursday 7th August 2008
Bidder gets teeth into 1st Dental
1st Dental Laboratories has received a takeover approach at “no more than 8.5p per share,” which values the Harrogate dental supplier at £3.6 million.
The company supplies dental practices with bridges and crowns as well as offering dentists a service called eteeth, which is an online purchasing facility.
In a statement, 1st Dental said, “there can be no certainty that any offer will be made nor as to the terms of any such offer.” The group added, “shareholders are advised to take no action at this time.”
For the year ended November 2007, the company reported pre-tax profits of £615,000.
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