Genus extends offer for VDC

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.

• Genus attacks VDC plans, FWi,12 May, 1999
• Genus fights on for VDC, FWi, 11 May, 1999
• VDC moves to avoid Genus bid, FWi, 10 April, 1999
• Genus asks VDC to recommend bid, FWi, 07 May, 1999
• Genus offers £20.7m for VDC, FWi, 20 April, 1999
  

• Financial Times 19/05/99 page 24 (News Digest)