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Shanghai Pharma says may submit rival bid for Germany's Stada

Reuters  |  SHANGHAI 

By Adam JourdanSHANGHAI (Reuters) - Shanghai Pharmaceutical Holding Co Ltd said it may bid for Stada Arzneimittel AG - a move that would pit it against buyout firms Bain and Cinven which have made a joint offer of nearly $6 billion for the German generics drugmaker.The Chinese drugmaker said in a filing that it had recently discussed the matter with 'a couple of financial investors' but added that it had not made a concrete offer and there were still many uncertainties.Bloomberg reported this week that Shanghai Pharma, along with investor Advent International, was discussing a bid of about 70 ...

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First Published: Wed, May 17 2017. 11:04 IST