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Try, Try Again: Bain And Cinven File Fresh Bid For Stada

 
• By Lucie Ellis-Taitt and John Hodgson

Stada is likely to approve a second takeover bid from equity groups Bain and Cinven soon, at a new price of €66.25 per share; an offer cleared by Germany's stock market authorities despite a ban in the country on repeat acquisition bids within 12 months.

airport runway under the sun as background
Will Bain & Cinven's takeover bid for Stada takeoff on take two?

After just a week on the job, Stada Arzneimittel AG's newly appointed CEO and CFO have accepted a fresh takeover bid from equity groups Bain Capital and Cinven, valuing the company at $4.12bn or €66.25 per share – slightly higher than the duo's previous offer that fell through in late June.

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