PLIVA to seek clarification of Actavis offer
PLIVA d.d. confirmed that it has received an increased preliminary proposal from Actavis for a potential cash consideration of HRK 630 per share, subject to a number of conditions, including the completion of satisfactory due diligence and funding.
PLIVA notes Actavis' decision to increase the level of its original indicative proposal, but believes that it still does not fully reflect the value of the Company. Nevertheless, it is giving careful consideration to the revised preliminary proposal. Accordingly, PLIVA's management intends to contact Actavis to seek further information in relation to the proposal, prior to any decision on whether to start discussions.
PLIVA is committed to maximizing shareholder value and is therefore in the process of evaluating a number of strategic options together with its financial adviser Deutsche Bank. As part of that process, PLIVA is also pursuing preliminary discussions with a number of other interested parties.
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