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Investing.com -- Bavarian Nordic (CSE:BAVA) has agreed to a 19 billion Danish kroner ($2.99 billion) takeover offer from private-equity firms Permira and Nordic Capital.
The Danish vaccine maker’s shareholders will receive 233 kroner in cash per share under the deal terms.
This represents a 21% premium to Bavarian Nordic’s closing price of 192.50 kroner on Wednesday, July 23, the day before the company confirmed it was in discussions with the consortium about a potential takeover.
Bavarian Nordic’s board of directors has endorsed the proposal as attractive and recommended that shareholders accept the offer.
The acquisition is expected to be completed in the fourth quarter of 2025, pending all necessary regulatory approvals and clearances.
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