Carlyle Cancels Vectura Auction At Eleventh Hour As Bid Declared Final
Private Equity’s Offer Falls Short Of Rival Philip Morris
The race to take control of the UK-based Vectura group will go down to the wire, as private equity Carlyle pulled the plug on a potential auction by declaring final its revised bid for the respiratory specialist. Tobacco giant Philip Morris has offered a 10% premium to Carlyle’s bid.
