Gerresheimer Rejects Silgan's Takeover Bid Amid Accounting Issues
Gerresheimer has rejected a takeover bid from Silgan, focusing instead on resolving accounting issues and disposing of its US unit Centor. Silgan had proposed a valuation of €41 per share, significantly above Gerresheimer's current market price. The company faces scrutiny from German financial regulator BaFin over its financial reporting.
Tickers: $SLGN
Topics: accounting issues corporate governance financial reporting regulatory review takeover