Bidvest Group Ltd (BVTJ.J)
29 Jul 2014
|Market Cap (Mil.):||R98,943.87|
|Shares Outstanding (Mil.):||331.24|
* Bidvest Acquires controlling interests in Gruppo Dac S.P.A. and PCL 24/7 Ltd
* Latest resignation after Bidvest became top shareholder (Adds analyst comment)
JOHANNESBURG, Feb 4 - Adcock Ingram Holdings Ltd : * Receives notice that Bb Investment Company, subsidiary of Bidvest, owns 32.03 percent of its issued ordinary share capital
JOHANNESBURG - South Africa's Bidvest has raised its stake in drugmaker Adcock Ingram to more than 34 percent, enough to block a rival $1.2 billion bid and prompt Adcock to seek urgent talks with its Chilean suitor.
* Increased stake allows Bidvest to have say in Adcock strategy
JOHANNESBURG, Jan 30 - South Africa's Bidvest bought most of a record 39 million shares in Adcock Ingram that traded on Thursday, a person familiar with the matter said, and now may have a big enough stake to block a $1.2 billion takeover offer.
JOHANNESBURG, Jan 30 - South Africa's Bidvest has bought the bulk of drugmaker Adcock Ingram's shares that traded on Thursday, a person familiar with the matter said, substantially lifting its stake in the company.