Merrion Pharmaceuticals announces liquidation plan
Company could have around €4.5m to distribute to shareholders
The board of Dublin-listed Merrion Pharmaceuticals has proposed that the company be wound up, with its remaining funds distributed to shareholders.
In a statement today, however, Merrion said its board had looked at a number of investment proposals, none of which were thought "sufficiently compelling" to recommend to shareholders.
The board said a statutory declaration of solvency for the company indicated that around €4.5m was available to shareholders from the proposed liquidation, though this figure...
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