PLIVA SUPERVISORY BOARD WELCOMES BARR BID

The supervisory board of Croatian drugmaker Pliva said on Wednesday it welcomed a takeover bid by U.S. pharmaceutical firm Barr Pharmaceuticals Inc, arguing it reflected "fair value" for the company. Barr last week confirmed its offer of 743 kuna per share for Pliva, plus a dividend of 12 kuna, valuing Pliva at some $2.4 billion. Yahoo News (http://news.yahoo.com/s/nm/20060823/bs_nm/pliva_barr_dc_1)