Advent plans to buy Dutch firm Mediq for 775 mln euros

AMSTERDAM, Sept 24 Mon Sep 24, 2012 2:33am EDT

AMSTERDAM, Sept 24 (Reuters) - Private equity firm Advent has agreed to buy Dutch medical supplier and pharmacy owner Mediq for 775 million euros in cash, more than 50 percent above last week's closing price, the two companies said on Monday.

Mediq's management and supervisory board support the deal, and shareholders owning 20.2 percent of Mediq have already accepted the offer, the companies said in statement.

Advent can help Mediq grow by providing financing for takeovers, the two groups said. (Reporting by Gilbert Kreijger; Editing by Greg Mahlich) (gilbert.kreijger@thomsonreuters.com; +31205045007; Reuters Messaging: gilbert.kreijger.reuters.com@reuters.net)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.