BUZZ-Bio-Techne soars on $11.3 billion buyout deal

Bio-Techne Corporation

Bio-Techne Corporation

TECH

0.00

** Shares of life sciences firm Bio-Techne TECH.O rise 21.8% to $71.73 premarket

** Merck KGaA MRCG.DE says it will buy Bio-Techne for $73 per share in cash, representing a total enterprise value of about $11.3 billion

** The offer price represents a 24% premium on TECH's last close

** Merck says the acquisition will be funded through a combination of existing cash and proceeds from new debt

** Up to last close, TECH mostly flat YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.