Local outfit Probiotec Ltd [ASX:PBP] is up 18% at time of writing. Soaring on the back of new takeover talks. And, as a key drug packer and distributor, they may have a lot of work ahead of them in the near future. So this acquisition may be a very timely indeed.
Blackmores Limited [ASX:BKL] share price increased immediately upon opening, after revealing the acquisition of Probiotec Limited’s [ASX:PBP] IMPROMY brand and its record sales and profit growth.