Karachi: In a recent official communication, The Searle Company Limited has categorically denied rumors that it was interested in acquiring a 51% stake in Abbot Laboratories. These rumors had been circulating on various media platforms, including WhatsApp. According to information available from the Pakistan Stock Exchange (PSX), the company has not discussed, negotiated, or expressed any interest in such an acquisition.

The clarification comes amid widespread speculation on social media and attempts to inform both the public and stakeholders about the inaccuracies of these reports. The Searle Company Limited emphasizes the importance of relying solely on official announcements made through the Pakistan Stock Exchange or other approved communication channels to prevent misinformation.

Furthermore, the company assures that should there be any material information requiring disclosure, including any potential deals or corporate actions, it will be communicated officially through the proper channels in accordance with applicable laws and regulations. This statement is aimed at maintaining transparency with the market and upholding the integrity of information shared with the public and investors.