US firm ups offer for UDG Healthcare to £2.7bn

Improved and ‘final’ offer from private equity company CD&R prompted by shareholder opposition to ‘opportunistic’ original bid

28th June, 2021
US firm ups offer for UDG Healthcare to £2.7bn
Brendan McAtamney Chief Operating Officer of UDG Healthcare: the board of UDG Healthcare adjourned a planned shareholder egm to consider the improved offer, which it confirmed would be the final one on the table from CD&R

The largest shareholders in UDG Healthcare are weighing up their options after a US private equity firm said it was prepared to raise its takeover offer to just over £2.7 billion.

In a statement last Friday morning, Clayton, Dubilier & Rice (CD&R), said it was considering increasing its offer for the Dublin-headquartered healthcare services provider to £10.80 per share. This values UDG Healthcare at £2.72 billion.

In response, the board of UDG Healthcare...

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