(Adds detail)
Nov 22 (Reuters) -
Australasian pharmaceutical manufacturer EBOS Group (EBO) said on Wednesday it would not proceed with a potential major transaction in the animal care segment.
The statement did not name its takeover target but local media had reported the company would acquire TPG Capital-backed pets and vets business Greencross.
The Australian Financial Review reported that EBOS would pay A$3.75 billion ($2.44 billion) to acquire Greencross, without citing sources, and were set to raise about A$2 billion as early as Wednesday.
In a stock exchange announcement, EBOS said "it has recently been engaged in discussions regarding a potential strategic transaction related to its Animal Care segment."
"These discussions have now concluded and a transaction will not proceed"
EBOS shares had been in a trading halt ahead of an announcement related to the deal.
($1 = 1.5366 Australian dollars)
News: EBO UPDATE 1-NZ's EBOS not to proceed with Greencross acquisition
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Mkt cap ! $5.463B | |||
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