Stada Bid War Un­folds as Third Suitor Of­fers $3.84 B

The Economic Times - - Around The World -

LON­DON | BER­LIN: Stada Arzneimit­tel AG is weigh­ing of­fers as a bid­ding war for one of the last re­main­ing generic-drug busi­nesses of its size in Ger­many and Rus­sia be­gins to un­fold. The com­pany said it re­ceived in­ter­est from a third firm that made a non-bind­ing of­fer of 58 a share, about 3.61 bil­lion ($3.84 bil­lion). That bid­der is Bain Cap­i­tal, peo­ple fa­mil­iar with the mat­ter said. Rep­re­sen­ta­tives for Bain and Ad­vent de­clined com­ment, while Stada and GIC didn't im­me­di­ately re­spond. Bloomberg

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