Prestige Brands Holdings Inc. encourages shareholders not to acton Genomma Lab Internacional’s “highly conditional” unsolicited $834 million takeover bid, the U.S.-based consumer products firm said Feb. 21.
The Mexico City-based pharmaceutical and personal care products company’s apparently hostile bid to pay Prestige $16.60 per share, excluding debt, represents a 23% premium over Prestige’s previous trading day’s closing price of $13
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