Gerresheimer draws interest from Phillips-Medisize and Bain, Bloomberg News reports
Add responses from Phillips-Medisize and Bain in paragraph 3
Feb 19 (Reuters) - German medical packaging maker Gerresheimer GXIG.DE has garnered interest from US medical solutions company Phillips-Medisize and buyout firm Bain Capital for parts or all of Gerresheimer, Bloomberg News reported on Wednesday, citing sources.
Phillips-Medisize and Bain join a list of suitors for the German firm, which already includes KKR & Co, Warburg Pincus and EQT AB, according to an earlier Bloomberg report.
Gerresheimer, Phillips-Medisize and Bain declined Reuters' requests for comment.
Earlier this month, the medical equipment group said it was in early-stage discussions with private equity investors over a potential sale of the company, adding that it would evaluate any offers in the best interest of the company.
Activist investor Ricky Chad Sandler had bought a 5.43% stake in Gerresheimer in October 2024. In late September, the company cut its annual outlook for the second time in 2024, sending its shares tumbling 18% in a single day.
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