Stada bought at second attempt

Bain Capital and Cinven have won control of Germany’s Stada with a sweetened €5.3 billion ($6.2 billion) bid for the drugmaker, in the largest takeover of a listed German company by buyout firms.

Months of uncertainty for Stada ended as investors tendered more shares than the 63 per cent minimum acceptance threshold by the Wednesday deadline, the private equity groups said, adding that the final tally was to be published on Friday.