Shareholders in heart valve maker Aortech were stunned again yesterday as the company reported it was in legal dispute with its biggest customer, giant US corporation St Jude Medical.
Shareholders in heart valve maker Aortech were stunned again yesterday as the company reported it was in legal dispute with its biggest customer, giant US corporation St Jude Medical.
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SIMON BAIN
Cash-strapped Aortech, the AIM-listed group which migrated in 2004 from Lanarkshire to Australia and thence last year to the US, put itself up for sale three months ago.
Investors had until recently hoped that St Jude, which incorporates one of Aortech's materials into its products, might be among potential buyers for the group's assets. But at the end of last month Aortech reported that no offer for the entire group was likely.
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