Chilean drugmaker makes firm offer for Adcock Ingram

2013-11-15 17:46

Chilean drugmaker CFR Pharmaceuticals SA said it made a firm R12.6 billion offer to buy local drugmaker Adcock Ingram Holdings Ltd., with a minimum cash offer of 51%.

Adcock shares gained as much as 4.3%, the most in two months, and traded 2.3% higher at R70.90 as of 3:52pm in Johannesburg. The offer values Adcock at R73.51 to R77.02 per share, CFR said. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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