Bidvest may reach target of 34.5 pct Adcock stake on Friday- CEO

JOHANNESBURG Fri Jan 31, 2014 4:27am EST

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JOHANNESBURG Jan 31 (Reuters) - South Africa's Bidvest is likely reach its target of 34.5 percent of Adcock Ingram by the close of Friday trade, Chief Executive Brian Joffe told Reuters.

Bidvest already owns a 32 percent stake in Adcock, which is also being pursued by Chile's CFR Pharmaceuticals with a $1.2 billion takeover offer. (Reporting by Tiisetso Motsoeneng; Editing by David Dolan)

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