Key Information on Bavarian Nordic's Upcoming Offer Deadline
 
Bavarian Nordic's Takeover Offer Timeline
COPENHAGEN, Denmark – There has been significant progress regarding the voluntary and cash-based public takeover offer from Innosera ApS, which is backed by Nordic Capital Fund XI and Permira. This takeover aims to acquire all live shares of Bavarian Nordic A/S, excluding treasury shares. As part of this process, shareholders should be aware that the offer period is set to close on 5 November at 11:59 p.m. CET. Therefore, it is advisable for shareholders wishing to accept the offer to act promptly, as their custodian banks may have an earlier cut-off for accepting offers.
Understanding the Offer Conditions
The takeover offer's success hinges on meeting regulatory and acceptance conditions. To ensure the completion of the offer, the Offeror needs a minimum acceptance of 66 2/3% of Bavarian Nordic’s total shares. Recent announcements confirmed that the Offeror has already secured additional commitments from global institutional investors, representing an extra 4.8% of the company’s shares. However, the acceptance rate must reach the stipulated minimum threshold for the offer to proceed as planned.
How to Accept the Offer
Shareholders interested in accepting this offer must submit their acceptance through their custodian bank or relevant institutions before the offer period expires. Whether done online or through a paper form included in the offer documents, shareholders are advised to adhere to their financial institutions' processes to ensure their acceptance is recognized. Important offer-related documentation, including translations, is accessible on Bavarian Nordic's official site.
About Bavarian Nordic
Bavarian Nordic is an innovative global vaccine company dedicated to enhancing public health and saving lives through advanced vaccine development. The company is a trusted supplier of vaccines against mpox and smallpox, supporting governments worldwide in their health preparations, and boasts a strong portfolio of travel vaccines. Its commitment to improving community health through novel solutions remains steadfast. For further details, explore more about Bavarian Nordic on their official website.
Frequently Asked Questions
What is the deadline for accepting Bavarian Nordic's offer?
The deadline for accepting the offer is set for 5 November at 11:59 p.m. CET.
What conditions must be met for the takeover offer to succeed?
A minimum acceptance condition of 66 2/3% of Bavarian Nordic's total shares must be achieved for the takeover to succeed.
How can shareholders accept the offer?
Shareholders can accept the offer through their custodian banks either online or by submitting a paper acceptance form before the expiry of the offer period.
Who is backing the takeover offer?
The offer is being made by Innosera ApS, which is controlled by Nordic Capital Fund XI and Permira.
What is the mission of Bavarian Nordic?
Bavarian Nordic's mission is to improve health and save lives through innovative vaccines, including their offerings in mpox and smallpox vaccination.
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