Bain and Cinven takeover of German drugmaker Stada falls apart

Bain and Cinven takeover of German drugmaker Stada falls apart

Photo: Stada website

Shares in German generic drugmaker Stada slumped on Tuesday after a 5.3 billion euro ($5.9 billion) agreed takeover bid by private equity groups Bain Capital and Cinven did not win enough shareholder support.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter