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Minimum Stada Takeover Level Reached Just In Time By Bain And Cinven

 
• By Sten Stovall

A last-minute surge in shareholder acceptances has pushed Bain and Cinven's €5.4bn takeover offer for Stada Arzneimittel over the finish line just in time.

Time
Bain And Cinven's €5.4bn Takeover Offer For Stada Just Met Its Acceptances Deadline • Source: Shutterstock

Crossing the line in the nick of time, Bain and Cinven's revised offer for Stada Arzneimittel AGmet its August 16 midnight deadline for garnering the minimum level of acceptances needed from shareholders to give the private equity firms their takeover target – at their second attempt – for €5.4bn ($6.3bn).

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