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Offer period closes for Bayer’s acquisition of Algeta

10:28 AM MST | February 26, 2014 | Deepti Ramesh

Bayer says that the offer period for the previously announced voluntary takeover offer for Norwegian pharmaceutical company Algeta (Oslo) ended on 26 February, and Bayer had received acceptances for a total of about 42,731,347 shares, representing nearly 97.28 % of Algeta's share capital. The acceptance level is based on preliminary numbers and may be subject to adjustments, Bayer says. Bayer offered 362 Norwegian kroner ($59.90) in cash per Algeta share. The transfer of shares to Bayer and the payment of the offer price will take place no later than 12 March...

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