
Shares in Gerresheimer GXIG.DE rise 3.7% in early Frankfurt trade after the German medical packaging maker said it was informed KPS Capital Partners was still in talks with Warburg Pincus on a potential takeover bid
Bloomberg News had reported earlier on Tuesday, citing people familiar with the matter, that KPS decided against teaming up with Warburg on a potential joint bid for Gerresheimer
"Back and forth, back and forth. Positive news for now," a local trader writes
Gerresheimer's stock is down around 40% YTD