Germany's Bayer purchases Algeta for USD2.6 b

2013-12-20 04:12:39

(MENAFN) Bayer, a German pharmaceuticals giant, has announced its plan of buying the Norwegian cancer treatment specialist Algeta at USD2.6 billion, according to Oman Observer. Bayer said: "The Bayer group plans to further strengthen its oncology portfolio with the acquisition of Norwegian pharmaceutical company Algeta." The German group added: "Bayer has reached an agreement with Algeta"s board of directors to make a recommended voluntary public takeover offer to Algeta"s shareholders, and is offering them 362 kronor per share in cash."

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Germany's Bayer purchases Algeta for USD2.6 b

More Story