Bavarian Nordic rises nearly 5% after takeover price hike

Bavarian Nordic A/S

16/10/2025 08:29

** Shares in Bavarian Nordic BAVA.CO open around 5% higher after Innosera raised the its takeover price for the Danish vaccine maker and extended the offer period on Wednesday

** The new offer price is 250 Danish crowns ($39.03) per share, c. 7.3% up from the previous 233 crowns per share

** The board recommends the new offer to shareholders, it said in a press release

** So far only 25.7% of company's shareholders have accepted the offer, minimum threshold is 75%

** "We view it likely that the deal will go through," says Van Lanschot Kempen in a note to clients

($1 = 6.4049 Danish crowns)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))