Stada shuffles top deck as Bain, Cinven consider fresh takeover bid

Stada shuffles top deck as Bain, Cinven consider fresh takeover bid

Photo: Stada website

Stada Arzneimittel AG replaced its top management as the German generic-drug maker faces a decision about whether to allow Bain Capital and Cinven to make a fresh takeover offer after their 5.3 billion-euro ($6 billion) bid failed last week.

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