Several bidders line up for Germany's Ratiopharm
There now seems to be positive action in the takeover of German generic drugmaker Ratiopharm GmbH, which was put up for sale after the suicide of its principal, Adolf Merckle, in January. He had amassed substantial debts, reported to have been around $6.8 billion, ahead of his action. The firm has attracted at least 10 first-round bids, several people familiar with the procedure told Reuters yesterday, indicating a competitive auction was underway, although the price tag looks a lot lower than the $4.5 billion originally sought by Ratiopharm's owners.
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