Adcock Ingram Holdings Ltd (AIPJ.J)
7 Mar 2014
|Market Cap (Mil.):||R10,362.75|
|Shares Outstanding (Mil.):||175.64|
JOHANNESBURG, Feb 7 - Chile's CFR Pharmaceuticals dropped a $1.2 billion bid for South Africa's Adcock Ingram on Friday, paving the way for Adcock's largest shareholder to overhaul the underperforming drugmaker.
JOAHNNESBURG, Feb 7 - Adcock Ingram Holdings Ltd : * Joint announcement regarding the intended consensual termination of the TIA between Adcock and CFR * Have entered into a written agreementfor the consensual termination of
* Joffe built S.African start-up into global conglomerate
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.
JOHANNESBURG - The chairman of South African drugmaker Adcock Ingram said on Friday the board did not see any chance of approval for a $1.2 billion bid by Chile's CFR Pharmaceuticals after Bidvest , which opposes the deal, upped its stake.
JOHANNESBURG, Jan 31 - Adcock Ingram Holdings Ltd : * Gross profit as a percentage of sales is under extreme pressure as a resultof the unfavourable revenue mix * As at 31 December, the end of the first quarter group revenue was 4 pct ahead of the previous corresponding period * Rand depreciation has negatively affected cost of imported active ingredients and other materials * Operating expenditure impacted by increased marketing and distribution costs, salary and wage increases
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 17 - Adcock Ingram Holdings Ltd : * Co and CFR have agreed to extend date for the fulfilment of the pre-condition for extension to 31 January 2014
JOHANNESBURG - South Africa's Bidvest Group will close its offer for a stake in drugmaker Adcock Ingram early next month, it said on Thursday, in what may be an attempt to speed up a takeover battle that has been waylaid by delays.
(Adds Hellman & Friedman, JPMorgan, Fosun International and others)
Earnings vs. Estimates
Analyst Research Reports
Provider: Wright Reports
Adcock Ingram Holdings Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.