MUNICH, March 20 (Reuters) - U.S. packaging company Silgan Holdings ( SLGN ) has signalled interest in taking over German medical packaging maker Gerresheimer , according to two sources familiar with the matter.
Silgan ( SLGN ) is working with advisers on the approach that could value Gerresheimer at 41 euros per share, one source said, cautioning that there is no certainty there will be a bid and that a transaction will be completed.
Gerresheimer declined to comment.
Silgan ( SLGN ) was not immediately available for comment.
Gerresheimer shares rose 6.7% following the news to trade at 18.9 euros.
Gerresheimer, worth about 600 million euros ($694 million), has seen its shares drop more than 80% from its 2023 peak and the stock is down 37% since the start of the year.
The company said in late February that Germany's financial regulator BaFin is widening a probe into its financial statements, adding pressure on the medical products maker as it grapples with accounting issues and a plunging share price.
The Duesseldorf-based company held talks last year with private equity investors over a potential sale, but the conversations ended without an agreement.
($1 = 0.8644 euros)