Third company approaches Stada

Stada announced on a press release it has received another non-binding offer, without disclosing the potential buyer’s name. The German group added that the new bid is of approximately €58.00 per share, which corresponds to valuing the group at approximately €3.5bn. To date, three groups are allegedly targeting Stada, yet just one name has been disclosed, that is private equity Cinven Partners, which has offered €56 per share. In addition, Reuters reported in the last few days that investor Advent International is likely to have submitted a bid to Stada. (Source Stada)