Pharma Deals Review, Vol 2004, No 48 (2004)

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IVAX and Recordati in Bidding War for Polish Pharma Company

Business Review Editor

Abstract


Acquisition of Polfa Kutno resulted in a bidding war between IVAX and Recordati. IVAX won the battle by offering PLN340 per share. Despite IVAX's superior offer, its rival surprisingly managed to purchase 16.4% of Polfa Kutno.

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