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Biotage shares pop 56% after buyout bid from KKR

Eduardo Sifuentes
Business, Health, VIP News, World
April 22, 2025
0 Comments

preCharge News BUSINESS — Stockholm-listed shares of Swedish biotech firm Biotage jumped 56.1% by 10:25 a.m. in London, after private equity giant KKR made a $1.2 billion bid to take over the company.

In a statement on Tuesday, KKR said it had made a cash offer to Biotage shareholders of 145 Swedish krona ($15.24) per share. The offer values the company at around 11.6 billion krona, or $1.2 billion.

Biotage’s Board of Directors has recommended that shareholders accept the offer.