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Advent and Shanghai Pharma consider rival bid for Stada - Bloomberg

Reuters 

(Reuters) - Buyout firm Advent International Corp and Shanghai Pharmaceuticals Holding Co are considering making an offer for German drug company Stada Arzneimittel AG, Bloomberg reported on Monday.Advent and Shanghai Pharmaceuticals are discussing a potential bid of about 70 euros a share, Bloomberg reported, citing people familiar with the matter. No final decisions have been made and the companies could decide against a bid, the report said.An offer from the duo could rekindle a bidding war for generic drugmaker Stada.Rival buyout groups Bain Capital and Cinven have been vying with a ...

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First Published: Mon, May 15 2017. 23:38 IST
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