Elliott demands €74.4 per share to support Stada takeover

Elliott held a stake of 11.43% in the company as of 28 August, according to publicly available information.

Bain and Cinven announced on 25 August that they had entered into domination and profit and loss pooling negotiations with Stada through their bidding company Nidda Healthcare. The GPs offered €66.25 per share as part of their offer.

Under German takeover law, the bidder must acquire 95% of outstanding shares in most cases before it can exercise a squeeze-out option for the compulsory purchase of the remaining shares.

Elliott states that its principal objective is to generate a return that is as high as is consistent with a goal of minimising losses during adverse financial market periods.

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• Topics
• Buyouts
• DACH
• Healthcare
• Germany
• Take Private
• Bain Capital
• Cinven