Pliva's equity amounts to 1.86 billion kuna and it is divided into 18.6 million regular stocks.
The US company has thus met the fundamental condition of its bid for the acquisition of Pliva. Barr's ability to close its tender offer is only conditioned upon Barr receiving acceptances that result in the company holding more than 50% of Pliva shares.
Under the terms of the formal cash tender offer, Pliva shareholders who tender their shares will receive 820 kuna per share in cash.
The US company's offer is worth 15.25 billion kuna and the tender offer period will expire on October 11.
The Icelandic company Actavis, that also submitted a bid for the acquisition of Pliva offering 795 kuna per share, withdrew its tender offer on 18 September.