Deals
CD&R Mulls Improved Offer for UDG Healthcare at $3.8 Billion
- UDG shareholders said previous price undervalued company
- CD&R earlier this month bid for WM Morrison Supermarkets
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Clayton, Dubilier & Rice is considering raising its offer for UDG Healthcare Plc to about 2.7 billion pounds ($3.8 billion) after some of the Dublin-based company’s largest shareholders complained the previous bid was too low.
The increased price would be 1,080 pence a share, the companies said Friday, 3.3% above Thursday’s close and 5.6% higher than the offer made in May. If the bid is made, UDG said it intends to accept it.