The offer was published by the European branch of the Barr Group, Barr Laboratories Europe, based in the Netherlands. Apart from daily press, the offer will also be published in the Offical Gazzete.
The publication of the Company's offer in the Official Gazette initiates the formal tender process, which is expected to take a minimum of 30 days following publication in the Official Gazette and up to 60 days from the date that a competing bid is approved for publication by the Croatian Financial Services Supervisory Agency (HANFA).
Barr's ability to close its tender offer is only conditioned upon the company receiving acceptances that result in Barr holding more than 50% of Pliva shares.