March 10, 2017 / 4:53 PM / 10 months ago

BRIEF-LifeWatch recommends rejection of Aevis Victoria offer

March 10 (Reuters) - LifeWatch AG

* Recommends rejection of the Aevis Victoria offer and continues solicitation process

* Solicitation process with other parties is on-going and company will report to shareholders as soon as situation allows

* Says committee sees more value for company and company’s shareholders by further pursuing company’s strategy on a stand-alone basis or by combining with a suitable industrial partner

* Says there is no identifiable strategic benefit for LifeWatch in a combination with Aevis Victoria sa and no clear rationale as outlined in prospectus

* Says there is no identifiable revenue or cost synergies available through a combination with Aevis Victoria Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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