Bayer says it has commenced the previously announced public takeover offer for all of the shares of pharmaceutical company Algeta (Oslo) for 362 Norwegian kroner/share ($59.48) in cash. The offer values the total share capital of Algeta at about NK17.6 billion. Bayer raised its offer for Algeta after initially offering to pay NK336/share {CW, Dec. 2/9, 2013, p. 5).
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