Pliva's estimates and similar transactions in the last 30-40 days show that the price of Pliva shares should be well above the 630 kuna that was offered today, Covic said.
Pliva will seek additional explanations as to a certificate of Actavis's financial soundness, the conditions and structure of the transaction, Pliva's position, and organisation issues.
The answers to those questions, as well as the outcome of discussions on a number of strategic development options, will serve as the basis for a decision on possible talks on Actavis's latest offer, Covic added.
Covic said that apart from the new price, the latest offer by Actavis was in principle identical to the previous one.
The offer is non-binding, and for it to become binding, due diligence must be performed. Whether Actavis will be enabled to perform due diligence will be known if Pliva obtains answers to its questions and is satisfied with them, Covic said.
Commenting on claims that Actavis's offer is the only and best one, Covic said that there was a possibility of receiving better offers and that several respectable companies had expressed interest in cooperation with Pliva.
The situation will be much clearer after talks are held in the next several weeks with companies wishing to cooperate with Pliva on a friendly basis, Covic said.
Trade in Pliva shares on the Zagreb Stock Exchange today totalled 53.3 million kuna, with the price of shares going up by 6.1 percent to 610 kuna per share, which can be linked to Actavis's latest offer.
(1EUR = 7.32 kuna)