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Alcide Corporation (ALCD) Issues Announcement


10/19/2005 5:10:31 PM

REDMOND, Wash.--(BUSINESS WIRE)--March 18, 2004--Alcide Corporation (Nasdaq:ALCD) announced today that a complaint has been filed against Alcide and its directors in the King County Superior Court of the State of Washington. The complaint, which purports to be brought as a class action, alleges that Alcide's directors breached their fiduciary duties in connection with their approval of the recently announced acquisition of Alcide by Ecolab Inc. (NYSE:ECL) and seeks to enjoin the transaction. The company believes that the actions of the company and the board were appropriate.

Contacts

Alcide Corporation John Richards, 425-882-2555


Read at BioSpace.com


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