19 May 1999
Genus extends offer for VDC

GENUS, the cattle breeding and farm consultancy group, has extended its £20.7 million hostile offer for VDC, the veterinary and dental healthcare products distributor.

The move came after Genus received acceptances for just over 2% of the shares.

VDC is expected next week to post its offer document on plans for a reverse takeover of Lawrence, a chemicals group supplying the animal feed and pet care industries.

The deal would create a group with a market value of some £42m and block the 190p a share offer from Genus.