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Celesio's Admenta in agreed 438p/shr offer for Independent Pharmacy Care Centres


Published : Wed, 25 Apr 2007 09:02
By : Agencies
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LONDON (Thomson Financial) - Celesio AG's Admenta Holdings Ltd said UK-based Independent Pharmacy Care Centres PLC (IPCC) has agreed to a cash takeover offer of 438 pence a share, valuing IPCC at about 43.33 mln stg.

It said the acquisition will be funded by Celesio from its existing cash resources.

Admenta said it will integrate IPCC with its existing Lloyds Pharmacy chain.

For the year to March 31, IPCC's pretax profit stood at 2.10 mln stg, while sales stood at 19.02 mln stg.

TFN.newsdesk@thomson.com

ypv/ra/tc

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