European leveraged finance brushes off Stada takeover flop

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By Jon Hay, Victor Jimenez
27 Jun 2017

The European leveraged finance market was disappointed this week when Bain Capital’s and Cinven’s €5.3bn bid for German generic drug firm Stada fell apart.

Bain and Cinven failed to convince Stada stockholders with their €66.00 a share offer. If the offer had been accepted, it would have been the largest European LBO since 2015, and it was expected to bring at ...

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