South Africa's Bidvest Group has offered to buy shares it doesn't already own in drugmaker Adcock Ingram Holdings, it said on Monday, in a deal worth a potential 6 billion rand ($515 million). Bidvest, a conglomerate with businesses ranging from food service to auto show rooms, already owns 34.5 percent of South Africa's second-largest drug maker and has offered 52 rand per share in cash for the remainder. Adcock has the largest share of South Africa's over-the-counter medicines but has been trailing rivals as it struggles to raise sales while grappling with over-reliance on a heavily regulated home market and factories running below capacity.
via Health News Headlines - Yahoo News
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