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1 day ago

KKR Proposes Acquisition of Biotage: A Major Move in Biotech Valued at $1.22 Billion

Swedish biotechnology company Biotage $BIOT.ST has announced that private equity firm KKR has made a cash bid to acquire the company for approximately 11.6 billion Swedish kronor (around $1.22 billion). The offer, priced at 145 kronor per share, represents a significant premium of 60.1% compared to Biotage's closing share price on April 17. The company's board has unanimously recommended that shareholders accept the proposal, indicating strong support for the acquisition.

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Cash offer

Mike Thompson@MikeInvest

1 day ago

KKR Proposes Acquisition of Biotage: A Major Move in Biotech Valued at $1.22 Billion

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Swedish biotechnology company Biotage $BIOT.ST has announced that private equity firm KKR has made a cash bid to acquire the company for approximately 11.6 billion Swedish kronor (around $1.22 billion). The offer, priced at 145 kronor per share, represents a significant premium of 60.1% compared to Biotage's closing share price on April 17. The company's board has unanimously recommended that shareholders accept the proposal, indicating strong support for the acquisition.

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