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Stada’s $5.9bn sale fails as investors spurn takeover bid

Bloomberg Stada Arzneimittel AG’s months-long sale process unraveled as a small group of the German drugmaker’s investors held out for a better deal than the 5.3 billion-euro ($5.9 billion) offered by two private equity firms. Only 65.5 percent of the shares were tendered in Bain Capital and Cinven’s offer by the Thursday deadline, Bad Vilbel, Germany-based Stada said in a ...

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US threatens Syria, says Assad planning ‘gas attack’

WASHINGTON / Reuters The White House warned Syrian President Bashar Al Assad that he and his military would ‘pay a heavy price’ if it conducted a chemical weapons attack and said the United States had reason to believe such preparations were underway. The White House said in a statement the preparations by Syria were similar to those undertaken before an ...

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Bahrain charges Qatar with ‘military escalation’

Bloomberg Bahrain accused Qatar of a ‘military escalation’ of the crisis that has embroiled the Gulf region for the past three weeks, and warned there would be consequences. While he didn’t identify Turkey by name, Foreign Minister Khalid Bin Ahmed Al Khalifa was apparently referring to the Turkish government’s decision earlier this month to accelerate legislation on the planned deployment ...

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