tradingkey.logo
tradingkey.logo
Search

Gerresheimer rejects takeover bid from US packing firm Silgan, say sources

ReutersApr 17, 2026 8:22 AM
facebooktwitterlinkedin

- German medical packaging maker Gerresheimer GXIG.DE has rejected a takeover bid from its U.S. rival Silgan SLGN.N, three sources familiar with the situation told Reuters.

There are no longer any talks between the two companies, according to the sources.

One source said that Gerresheimer wants to focus for now on resolving its accounting problems and selling its U.S. subsidiary Centor.

Reuters reported in March that Silgan had signalled an interest in taking over Gerresheimer with a non-binding offer of 41 euros ($48.31) per share, more than double the current share price.

A Gerresheimer spokesperson said the company does not comment on market rumours. Silgan did not respond to a request for comment.

($1 = 0.8488 euros)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Tradingkey
KeyAI