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Save Share Packaging mogul Ruffy Geminder is considering next steps in his $172 million takeover offer for McPherson’s after the consumer products group received a counter offer from pharmaceutical company Arrotex. Arrotex’s unsolicited indicative non-binding offer is pitched at $1.60 a share, compared with Mr Geminder’s $1.34 a share offer, which has been denounced as “utterly opportunistic” by the McPherson’s board. Raphael “Ruffy” Geminder is considering his next steps after his $1.34 a share offer for McPherson’s was pipped by a $1.60 offer from Arrotex.   Josh Robenstone Arrotex is offering to buy all the shares, through a scheme of arrangement, while Mr Geminder’s Kin Group subsidiary Gallin has appointed Evans & Partners to stand in the market and buy shares until the close of trade on May 10.

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