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Alere Says Axis-Shield Offer Will Remain Open Only Till Oct. 10

Alere Inc. (ALR) said its offer of 460 pence in cash for each share of Axis-Shield Plc (ASD) will remain open until Oct. 10.

Alere holds 29.9 percent of Axis-Shield, Waltham, Massachusetts-based Alere said today in a Regulatory News Service statement. There is “no certainty” that another bid will be made for Dundee, Scotland-based Axis-Shield, which makes the Afinion diagnostic tests, Alere said.

To contact the editor responsible for this story: Kristen Hallam at khallam@bloomberg.net

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