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Elliott demands at least 74.40 eur/shr for Stada minority stakeholders
August 31, 2017 / 6:42 AM / 4 months ago

Elliott demands at least 74.40 eur/shr for Stada minority stakeholders

FRANKFURT, Aug 31 (Reuters) - Activist investors Elliott said it would not support a domination agreement between Stada and its buyers if compensation for minority shareholders was not at least 74.40 euros per share.

Bain Capital and Cinven this month won control of Stada with a sweetened 5.3 billion euro ($6.3 billion) bid, offering 66.25 euros per share.

Elliott has since built a stake of more than 10 percent in Stada.

$1 = 0.8421 euros Reporting by Maria Sheahan; editing by Balazs Koranyi

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