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After listening to Brian Joffe on 702 last night I believe he'll make another play for Bidvest. Thoughts on buying some Adcock? At the very least cold and flu season should give some increase in sales.

If I had stock of Adcock I would welcome the bid, the board/directors currently useless but with Bidvest coming in this could change and is in the shareholder's best interest!

The Competition Commission has stalled the Adcock Ingram and Bidvest deal.
 
Conditional approval for stalled Adcock-Bidvest deal.

The commission told CNBC Africa that it had given a conditional approval for the possible acquisition of the drug maker, Adcock Ingram by Bidvest.

Bidvest raised its stake in Adcock Ingram to 34 per cent.


“We are recommending a conditional approval subject to certain safeguards to protect employment,” Hardin Ratshisusu, divisional manager, mergers and acquisitions at the Competition Commission told CNBC Africa.

Ratshisusu noted that, the Act guiding the Competition Commission requires the body to assess the public interest factors, the effects of the transaction and the competition effects

“We have been investigating this case and we have made the referral to the Competition Tribunal. We have had numerous discussions with Bidvest, but they did not submit a firm commitment on what is likely to happen because of the merger,” added Ratshisusu.

“They had indicated to us that the deal is likely to have an adverse effect on employment so we allowed them to make an analysis on the level of impact.”

Ratshisusu explained that the commission recommended the retrenchments suggested by the company adding that the number would be limited to the estimates made to the commission.


“We require parties to embark on a rational process before coming to us and if they assume that there are going to be job losses, they should be open to us,” Ratshisusu said.

“We have to promote the competitiveness and adaptability of the economy which is the main objective of the Act, at the same time looking at the public interest factors.”

 

Trading Statement

Adcock Ingram Holdings Limited
(Registration number 2007/016236/06)
(Incorporated in the Republic of South Africa)
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram” or “the Company”)

TRADING STATEMENT

In terms of paragraph 3.4(b) of the JSE Limited (JSE) Listings Requirements, an issuer is
required to publish a trading statement as soon as the issuer and its directors are satisfied
that there is a reasonable degree of certainty that the financial results for the next reporting
period will differ by at least 20% from those of the previous corresponding period.

Shareholders of Adcock Ingram (“Shareholders”) are referred to the announcements
published on the Stock Exchange News Service (SENS) on 20 and 27 May 2014, wherein
Shareholders were advised that the financial year end of the Company was changed from
30 September to 30 June and that substantive structural and other changes were being
effected within the business. Pursuant thereto, a final assessment on the extent of the
financial impact of providing for these corrective actions remains work in progress.

The board of directors of Adcock Ingram (“Board”) has concluded with absolute certainty
that the financial results for the nine-month period ended 30 June 2014 will result in a basic
and headline loss per share, indicating a significant reversal in the Company’s operating
performance compared to the corresponding nine-month period ended 30 June 2013 and
the year ended 30 September 2013. Furthermore, the effects of the corrective action
referred to above are unlikely to yield significant improvement in the short term. The Board
however remains optimistic about the Company’s long term prospects.

The Board is mindful of the disappointment with which this Trading Statement is likely to be
received, but it is important that the information be released to Shareholders as soon as it
became known. A detailed Trading Statement will be published on SENS in due course.

The financial information on which this Trading Statement is based has not been reviewed
or reported on by the Company's external auditors. The Company's Audited Financial
Results for the nine-month period ended 30 June 2014 are expected to be released on SENS
on or about 28 August 2014.

Midrand
5 August 2014

I do not like the following statement...

Furthermore, the effects of the corrective action
referred to above are unlikely to yield significant improvement in the short term .... ? short term? how long is a string

does anybody here still own Adcock shares (AIP)?

I checked my share account today and saw that some of my AIP shares had disappeared and two new shares/options had been added, ADBEE (ADE) and ADCOCK OPT (ADEO).

Anybody perhaps have more info about this?
Should I have taken any actions or are there still actions, such as options or so to either sell or take up?

I'm with ABSA and they normally let me know when I have to take any actions........

you're right jaDEB, I should have also sold out of them long ago