CVC Explores Options for €11 Billion Drugmaker Recordati [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Tesla Stock in ‘No Man's Land' After 43% Rout Ahead of Earnings Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack Apple's China iPhone Sales Dive 19% in Worst Quarter Since 2020 ‘Magnificent Seven' Roar Hours Away From Earnings: Markets Wrap The buyout firm is working with advisers and is in the early stages of studying alternatives including a potential sale or a combination with another business, the people said. It's informally reaching out to some potential buyers to gauge their interest in a deal, the people said, asking not to be identified because the information is private. Shares of Recordati have gained about 27% in Milan trading over the past 12 months, giving the company a market value of about €11 billion ($12 billion). The Stoxx Europe 600 Health Care Index has risen about 4% over the period. Deliberations are in the early stages and there is no guarantee any
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