--Canadian fund Brookfield Asset Management is considering an around 7 billion euros ($7.38 billion) offer for Spain's Grifols, after finishing due diligence on the heavily-indebted drug maker, El Confidencial reports, citing sources familiar with the matter.
--Brookfield is planning to offer 10.5 euros a share, below Grifols's closing price of 11.125 euros on Friday. The price is the result of a due diligence process that revealed the pharamceutical company faces tax and other competitive risks, according to El Confidencial.
--Down 30% year to date, the stock has struggled after hedge fund Gotham City Research raised questions over the company's financial reporting earlier this year. Shares trade 2.6% lower at 10.84 euros.
Full story: https://shorturl.at/EJ3rq
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
November 18, 2024 04:44 ET (09:44 GMT)
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