More bad news has hit German generics company Stada Arzneimittel AG – which saw a €5.3bn takeover by equity groups Bain and Cinven collapse last week – as both its CEO and chief financial officer have quit suddenly.
Stada CEO & CFO Resign; Rumors Circle Of A New Takeover bid
Stada's top brass have quit following rumors earlier this week of a fresh takeover bid for the generic company from equity groups Bain and Cinven; ex-Boehringer executive Tjeenk Willink has been named incoming CEO.
