Adcock shows hefty loss as restructuring bites

2014-08-28 10:18

Adcock Ingram has fallen to a hefty loss in the first nine months of its financial year, hit by weak demand and write-downs related to its restructuring drive.

JSE down, but Adcock surges

2014-08-22 18:58

South African stocks have fallen in line with global markets as Ukraine tensions escalate, but Adcock Ingram ticked up as Bidvest seeks to raise its stake.

PIC CEO quits after three years

2014-05-30 15:32

Public Investment Corporation CEO Elias Masilela has resigned from the helm of Africa's largest and most influential asset manager that is worth R1.6 trillion.

Adcock Ingram appoints new board members

2014-04-10 12:31

Resolutions have been passed at an extraordinary general meeting of Adcock Ingram shareholders to appoint three new board members.

Adcock Ingram appoints Joffe as chair

2014-02-26 11:05

Adcock Ingram Holdings has appointed Brian Joffe as its chairperson, a widely expected move after the industrial magnate helped scupper a foreign takeover.

Bidvest, PIC oust Adcock chairperson

2014-02-19 14:20

Khotso Mokhele has resigned as chairperson of Adcock Ingram, weeks after Bidvest became it's biggest shareholder and torpedoed a foreign takeover of the company.

Bidvest subsidiary has 32% stake in Adcock

2014-02-04 20:10

Adcock Ingram announced that BB Investment Company, a wholly-owned subsidiary of the Bidvest Group, now owns 32% of its issued ordinary share capital.

Dogged dealmaker Joffe eyes Adcock win

2014-02-03 11:30

SA entrepreneur Brian Joffe, whose empire spans from ships to mops, believes Adcock Ingram could provide an expansion opportunity in sub-Saharan Africa.

Bidvest can now block Adcock take-over

2014-01-31 13:13

JSE-listed conglomerate Bidvest has raised its holding in drugmaker Adcock Ingram from 9% to just over 32%, giving it a big enough stake to block a rival Chilean bid.

Bidvest in big Adcock buying spree - source

2014-01-30 18:37

Bidvest has yet again increased its stake in Adcock Ingram after buying the bulk of shares that traded on Thursday, according to a report.

Adcock further delays vote on $1.2bn offer

2014-01-09 14:59

SA drugmaker Adcock Ingram expects to further delay a shareholder vote on a $1.2bn takeover offer from Chile's CFR Pharmaceuticals.

PIC strengthens hand in Adcock battle

2013-12-24 15:30

The Public Investment Corporation's increased stake in Adcock Ingram puts it in a strong position to block a R12.8bn takeover by CFR Pharmaceuticals.

PIC likely to derail Adcock deal

2013-12-20 12:51

The Public Investment Corporation says it is still opposed to a R12.8bn cash and stock takeover offer for Adcock Ingram from CFR Pharmaceuticals.

Adcock's shareholders postpone vote

2013-12-18 12:43

CFR Pharmaceuticals will have to wait a while longer after shareholders of drugmaker Adcock Ingram agreed to postpone a vote on a R12.8bn takeover offer.

PIC wants cash for Adcock

2013-12-15 13:57

The Public Investment Corporation has rejected a sweetened R12.8bn cash and stock offer for drugmaker Adcock Ingram from a Chilean suitor, saying it wants cash.

Oasis backs Bidvest with 2.2% Adcock stake

2013-12-06 12:19

Oasis Group Holdings has sold all of its roughly 2.2% stake in Adcock Ingra on the open market, backing Bidvest's attempt to block a takeover by a Chilean firm.

Double blow for Adcock suitor

2013-12-02 18:39

A group led by Bidvest is seeking nearly a third of Adcock Ingram's shares and is launching a court action against the R12.6bn bid by a Chilean group.

PIC 'fears foreign control of Adcock'

2013-11-12 13:29

The state-owned Public Investment Corporation is opposing the R13bn takeover of drugs firm Adcock Ingram by Chile's CFR Pharmaceutical, according to a source.

Adcock dives after PIC snub

2013-11-06 16:25

Shares in Adcock Ingram took a beating after the Public Investment Corporation said its deal with Chile's CFR Pharmaceuticals is not in the best interest of its shareholders.

Adcock still in talks with Chile's CFR

2013-08-15 12:43

Drug maker Adcock Ingram says it remains in exclusive talks with CFR Pharmaceuticals about the Chilean firm's $1.3bn takeover bid.

Rand knocks Adcock Ingram

2013-06-04 10:14

Adcock Ingram has reported a 5% drop in headline earnings per share for the half-year to end March despite challenges, the company says.

Adcock profits slump on drug loss

2012-11-27 08:12

Adcock Ingram has posted a worse-than-expected 9% fall in earnings, hit by the loss of high-margin drugs and unfavourable currency swings.

Adcock eyes higher earnings

2011-10-28 15:49

SA's largest pharmaceutical maker says it expects headline earning per share for the year to be at least 29% higher.

ARV tender boost for pharmaceuticals

2010-12-14 13:32

The state has awarded its tender for anti-retroviral drugs, which is one of its largest, to 10 firms.


Bidvest yet to decide on Adcock offer

2014-08-25 19:29

Bidvest says is must still make a decision on whether to make an offer to raise its stake in drugmaker Adcock Ingram to more than 50%.

Bidvest eyes 50% stake in Adcock

2014-08-22 15:06

The Bidvest Group is looking to raise its stake in struggling drugmaker Adcock Ingram, a move that could trigger a full buy-out.

Adcock swings to first-half loss

2014-05-27 09:12

South Africa's second-biggest drugmaker Adcock Ingram has posted close to a $4m first-half loss, hit by rising raw materials prices and costs.

Adcock profit under extreme pressure

2014-03-19 12:55

Adcock Ingram says quarterly profit has been hard hit as debt-laden consumers cut back on self-medication and the weaker rand pushed up costs.

PIC eyes investment in Mozambique

2014-02-21 10:18

The Public investment Corporation is seeking to work with Mozambican state shares-management agency Igepe to explore various investment opportunities.

Drug firm Adcock stays in SA hands

2014-02-07 15:57

Chile's CFR Pharmaceuticals says it would drop its $1.2bn bid for Adcock Ingram after being thwarted by the drugmaker's top shareholder.

Adcock shares slide to 7-month low

2014-02-04 14:10

Shares in Adcock Ingram have fallen to their weakest level in seven months, extending their decline into a third day after.

Adcock: CFR has two options - analyst

2014-01-31 19:17

CFR Pharmaceuticals can either walk away or go hostile in a bid to take over Adcock Ingram after Bidvest raised its stake in the drugmaker to more than 34%.

Bidvest turning up the heat on Adcock

2014-01-31 10:46

Shares in Adcock Ingram fell in early trade, a day after a source told Reuters that Bidvest had bought most of a record 39 million shares traded on that day.

Bidvest lifts stake in Adcock

2014-01-16 17:30

Bidvest has increased its stake in Adcock Ingram to 9% and will close its cash offer for the drugmaker soon, says chief executive Brian Joffe.

Another twist in Adcock battle

2013-12-27 19:00

Foord Asset Management has increased to 15% its stake in Adcock Ingram, making it the second-largest shareholder in the hotly contested drugmaker.

PIC lifts Adcock stake to over 22%

2013-12-24 09:45

The PIC has increased its stake in drugmaker Adcock Ingram to over 22%, bringing it closer to being able to single-handedly block a $1.2bn Chilean takeover bid.

Why PIC is blocking Adcock deal

2013-12-19 13:24

It is likely that the Public Investment Corporation is hostile to foreign investors having a stake in Adcock Ingram, according to a report.

CFR accuses PIC of protectionism

2013-12-17 19:30

The CFR Pharmaceuticals company of Chile has accused the state-run Public Investment Corporation of protectionism for opposing its $1.2bn bid for Adcock Ingram.

CFR sweetens Adcock offer

2013-12-13 18:29

Chile's CFR Pharmaceuticals slightly sweetened its takeover offer for drugmaker Adcock Ingram to R12.8bn

Adcock rebuffs Bidvest

2013-12-03 18:50

The board of Adcock Ingram believes a R12.6bn takeover bid from Chile's CFR Pharmaceuticals is the best option for shareholders.

Adcock bidding war hots up

2013-12-02 14:12

Bidvest has joined forces with Community Investment Holdings to make a fresh offer for a 34.5% stake in Adcock Ingram, which could derail CFR Pharmaceuticals' takeover bid.

Adcock bid: Ball now in PIC court

2013-11-17 16:51

Questions are being raised on whether the PIC is following government orders by refusing to let a foreign-owned company acquire ownership of Adcock Ingram.

R13bn Adcock deal faces threat

2013-11-11 15:39

Chile's CFR says it will pull out of its deal to buy SA's Adcock Ingram if it does not win support from the government pension fund, Adcock's biggest shareholder.

Four Adcock shareholders back $1.3bn CFR offer

2013-10-22 10:19

Four investors says they will back a $1.3bn offer from Chile's CFR Pharmaceuticals, a deal that would create an emerging markets drugs powerhouse.

PIC wants Adcock to stay in local hands

2013-07-22 14:47

The Public Investment Corporation says it would prefer a local buyer for Adcock Ingram over a $1.3bn bid from Chile's CFR Pharmaceutical.

Adcock gets proposals for 100% aquisition

2013-05-09 16:24

Non-binding proposals that may lead to the selling of Adcock Ingram as a whole, or a controlling stake thereof, have been received, the company says.

Court stops sale of 'toxic' painkillers

2011-11-15 22:32

The Medicines Control Council has obtained an urgent court order to stop the continued sale of potentially deadly medicines.

Empowered drugs

2011-06-30 00:00

Abiding by the rules of the black economic empowerment police can be a painful process. But it’s a necessary part of business, and effective empowerment is no doubt good, because it spreads the economic benefits of listed companies to new shareholders.

Painkiller suspension clarified

2010-12-10 12:23

Adcock Ingram says it has suspended sales and has not withdrawn dextropropoxyphene-containing medicines, pending official notification from the Medicines Control Council.

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