Medications/Drugs News Headlines - Yahoo! News
Stada to hold takeover talks with rival suitors Cinven and Advent
Stada has invited rival suitors Cinven Partners and Advent International to the negotiating table, the German generic drugs and consumer care group said on Monday, after months of courtship. The prospect of a bidding war drove shares in Stada as much as 14 percent higher after the drugmaker initially said it was weighing two takeover approaches, including one from Cinven which valued it at almost 3.5 billion euros ($3.7 billion). It later named Advent as the second prospective bidder.
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