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.
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.
Bain and Cinven had previously offered €66 per share to acquire Stada, a German generic drug maker, but this offer...
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