The head of Stada, the German drugmaker at the centre of a takeover
battle, confirmed his car had been bugged last year but
reassured investors that the company had not suffered as a
result.
"I have no reason to assume that any confidential business
information went into the wrong hands," Chief Executive Matthias
Wiedenfels told a news conference on Wednesday after the group
announced annual financial results.
The disclosure comes at a sensitive time as Stada is the
subject of a 4.7 billion euro ($5.1 billion) takeover fight
between two rival private equity consortia.
It was not clear who
was responsible for the bugging and no suggestion that it was
connected to the takeover battle.
Germany's Manager Magazin reported last week that Wiedenfels
found a listening device in his car and that he was also
anonymously sent photographs taken of him in confidential
business situations and outside of the office. more
Did you expect him to say, "Oh yes, confidential business
information went into the wrong hands. The company has suffered as a
result."
When was the last time you checked? Check here.
