Advent Ups Mediq Buyout Bid To €819M To Win Holdouts

Law360, New York (January 18, 2013, 3:02 PM EST) -- Private equity firm Advent International Corp. on Friday sweetened its offer for Dutch medical supplier and pharmacy owner Mediq NV to €819 million ($1.1 billion) from €775 million, seeking to win over three holdouts that own about 29 percent of Mediq's stock.

Advent's new offer of €14 per share is a 62 percent premium to Mediq's price on Sept. 21, the day before the buyout firm made its first move. The €44 million price bump — which Advent said will come from equity, not additional debt...
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