MUNICH, April 17 (Reuters) - German medical packaging
maker Gerresheimer has rejected a takeover bid from
its U.S. rival Silgan ( SLGN ), 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 ( SLGN ) 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 ( SLGN ) did not respond to a request
for comment.
($1 = 0.8488 euros)