April 10, 2017 / 4:29 AM / 3 months ago

BRIEF-Stada supports offer by Bain Capital, Cinven worth 66 euros per share

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April 10 (Reuters) - Stada

* Stada supports the voluntary public tender offer by Bain Capital and Cinven worth euro 66.00 per share

* Stada received two transaction offers for voluntary public tender offers only subject to approval of executive board

* Bain capital and Cinven are offering euro 65.28 plus a dividend of euro 0.72 per Stada share

* Executive board and supervisory board have decided in best interest of company to support offer by Bain Capital and Cinven

* Stada - Executive board, acting with approval of supervisory board, has decided to forgo existing standstill agreements with Bain Capital and Cinven

* Stada - Stada, Bain Capital and Cinven have signed an investor agreement with extensive protection provisions for employees and production sites

* Offer estimates Stada's equity value at approximately euro 4.109 billion plus dividend and company's value at about euro 5.318 billion.

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