Fresenius pulls the plug on Rhoen takeover bid
FRANKFURT (Reuters) – German healthcare conglomerate Fresenius has dropped its attempt to take over Rhoen-Klinikum after two other companies bought stakes to block the 3. 1 billion-euro ($3. 9 billion) merger of Germany’s two biggest private hospital operators. Fresenius said on Monday it has decided not to launch a renewed takeover offer "for the time being" but did plan to raise its stake in Rhoen to above 5 percent, a level which would put it on a par with its two antagonists, rival hospital operator Asklepios and hospital supplies firm B. Braun. Rhoen shares were down 22 percent at 15. . . .
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