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.
- Genus asks VDC to recommend bid, FWi, 07 May, 1999
- Genus offers £20.7m for VDC, FWi, 20 April, 1999
- Financial Times 10/05/99 page 26 (News Digest)