Stada Takeover Saga Set To Run As US Fund Seeks More Cash

As Elliott Management pushes for a premium to back the takeover of the German drug maker by Bain and Cinven, the private equity firms have unveiled industry veteran Claudio Albrecht as Stada's latest CEO.

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US hedge fund is looking for more cash to back Bain and Cinven's purchase of Stada • Source: Shutterstock

It looks as though the long-running battle to take control of Stada Arzneimittel AG still has legs after prominent activist hedge fund shareholder Elliott Management demanded more cash to back the takeover of the German drug maker by the private equity firms Bain Capital and Cinven Partners.

Bain and Cinven finally clinched the acquisition of Stada last month when their sweetened bid of €5.4bn, or €66.25 per...

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