10 May 1999
VDC moves to avoid Genus bid

THE veterinary and dental healthcare products distributor, VDC, has announced a reverse takeover with another company in a move to avoid being taken over by Genus.

The other company involved is Lawrence, a chemicals group supplying the animal feed and petcare industries.

VDC has been fighting a hostile takeover from Genus, a cattle breeding and farm consultancy group.

The VDC/Lawrence deal would create a group with a capitalisation of just over £42 million.