Dr Reddy's Laboratories Ltd. has submitted a preliminary bid for Bradley Pharmaceuticals, news channel CNBC-TV18 said Friday, citing unnamed sources. A spokesperson for Dr Reddy's declined to comment. On Aug. 9, Bradley said it had received preliminary bids for the company, but stopped short of naming bidders.
Sources: Dow Jones
Commentary: Bradley Pharmaceuticals: Reality Check, Please • Bradley Pharmaceuticals Shares Soar on Buyout Offer
Stocks/ETFs to watch: BDY, RDY
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