Investors reacted euphorically to the news that became known shortly after the end of the main Xetra transaction. On the XETRA trading platform, the Gerresheimer price recently jumped by 10.47 percent to 70.15 euros.
The US financial investor Bain Capital has submitted a takeover bid to the Germans in recent weeks, the Bloomberg news agency reported on Tuesday evening, citing people familiar with the matter. However, this did not meet the high price expectations of the company. The turbulence on the credit market, triggered among other things by rising interest rates, made it difficult for financial investors to buy companies. Gerresheimer and Bain declined to comment on the report, it said.
The German share price has fallen by more than a fifth since the beginning of the year. According to the circles, Gerresheimer has been working with a consultant for years in order to be prepared for takeover offers. Because of the two different divisions, the company has long been considered a top candidate for a split.
The development at Gerresheimer is symptomatic of the current situation in the takeover business. On the one hand, financial investors are increasingly suffering from the consequences of the Ukraine war, rising interest rates, inflation and fears of a recession. On the other hand, company managements are not willing to accept offers without substantial surcharges on the current market value.
NEW YORK (dpa-AFX)
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Image sources: Daniel Gebauer / Gerresheimer AG