A buyout consortium  has bid below analyst predictions for the generic drugs unit of Merck following a number of mis-valuations of the healthcare sector in recent weeks.

The group, consisting of  Apax Partners and Bain Capital, has offered only just over €4bn ($5.5bn) for the pharmaceuticals company after analysts at Credit Suisse predicted that anything lower than €4.6bn would be surprising.

Consortium ignores analysts in Merck offer

Catherine Craig

Kohlberg Kravis Roberts

Mylan Laboratories

Teva Pharmaceutical Industries

Credit Suisse

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