Chileans up the bid for Adcock

2013-12-15 14:00

Despite the chief executive of Chilean pharmaceutical company CFR, Alejandro Weinstein, claiming “amazing levels of support” from Adcock shareholders in his bid for the drug company, CFR increased its offer for Adcock from R73.51 to R74.50 a share.

Weinstein said CFR had been engaging with the PIC and had met with them in the past two weeks, but would not comment on whether the price was the only issue for the PIC.

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