Germany's Stada has received a third, higher takeover offer

Germany's Stada has received a third, higher takeover offer

The logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel near Frankfurt March 14, 2012. REUTERS/Alex Domanski

German generic drugs company Stada said on Thursday it had received its third takeover approach, and at 58 euros ($61.89) per share, the latest offer was two euros higher than rival suitor Cinven Partners’ offer.

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