Newspaper article from our research archive:
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pounds 377m bid lifts AAH shares
- Article from:
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The Independent - London
- Article date:
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February 28, 1995
- Author:
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Copyright informationCopyright 1995 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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A pounds 377m takeover bid was yesterday launched against the
troubled AAH pharmaceuticals wholesaling, and retailing company by
Gehe of Germany. AAH, which runs with the corporate slogan
"thinking ahead to stay ahead", said the bid, pitched at 420p cash
per share, was opportunistic.
The move by Gehe, which wants to further strengthen its leading
position in Europe, comes after AAH unsettled investors with two
disappointing trading statements.
A successful takeover would also give Gehe, already the leading
wholesale pharmaceuticals company on the Continent, a sizeable
foothold in Britain. Despite its problems amid the ongoing price
war, AAH is the UK leader with a 29 per cent share of the ...
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