The company added that its focus now is to secure a number of long-term customer contracts that it was were unable to sign during the
bidding period and to work on a long -term, stable ownership structure.
The
bidding period, previously set to end yesterday, was extended over the weekend to December 31.
The company said that the
bidding period offered in the sealed bid auction will end on 18 March 2014 at 17:00 Eastern, however no financial details were disclosed.
The
bidding period will begin after a green light is given by the German Federal Financial Supervisory Authority, BaFin, seen for the start of October.
The
bidding period expires on Thursday and according to sources, Pfizer's competitors for the acquisition of Ratiopharm -- Israeli Teva (ETR:TEV) and Icelandic Actavis, have been invited to also place their final offers by tomorrow.
The
bidding period began Friday and lasts until Sept.
Bidding has already started and positions will close at regular intervals throughout the six-week
bidding period, with the first position already closed and the last available position closing on February 29.
The
bidding period ran out yesterday, but despite a number of e-mails expressing an interest, there were no formal bids.
The
bidding period ran out at noon yesterday and despite a spate of emails expressing interest in the business Craig has received no offers.
At the end of a preset
bidding period, the potential buyer can then evaluate the proposals and decide if they want to make the purchase.
"This marginal revision in the price band is in conformity with the Securities and Exchange Board of India (market regulator) guidelines on extension of the
bidding period," Emaar said.