Mexico's Genomma Lab withdraws offer for Prestige Brands (NYSE: PBH)

Palm Beach, FL 5/3/12 (StreetBeat) -- Mexican pharmaceutical products company Genomma Lab said on Thursday it will drop its offer for Prestige Brands Holdings (NYSE: PBH), after that company rejected the offer.

Genomma stock was up more 8.3 percent in early trading.

Prestige Brands said in March Genomma's proposal was "inadequate".

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