April 11 (Reuters) - Qantm Intellectual Property Ltd (QIP) :
- QANTM WILL NOT MAKE A COUNTER-PROPOSAL TO ACQUIRE XENITH
- CONFIRMS THAT IT WAS INVITED BY XENITH TO PROVIDE A COUNTER-PROPOSAL TO MATCH TERMS OF IPH'S UPDATED PROPOSAL
- SAYS HAS NOTIFIED XENITH THAT IT WILL NOT BE SUBMITTING A REVISED PROPOSAL PRIOR TO THE DEADLINE
- SAYS HAS NOTIFIED XENITH THAT IT WILL NOT BE SUBMITTING A REVISED PROPOSAL PRIOR TO THE DEADLINE
