Offer withdrawal drags Bavarian Nordic back to pre-bid level

Bavarian Nordic A/S

06/11/2025 14:37

** Shares in Bavarian Nordic BAVA.CO slump nearly 20% after a consortium consisting of Nordic Capital and Permira withdrew its offer for the Danish vaccine maker

** The offer, hiked in October to 250 Danish crowns ($39) per share, was not accepted by a sufficient number of investors

** The offerer received acceptances corresponding to 60% of shares, below the required threshold of 66-2/3%

** Bavarian Nordic stock is on track for its worst day since July 2023 and trades at pre-offer level of about 190 crowns

** The stock is at the bottom of STOXX 600 .STOXX index

($1 = 6.4029 Danish crowns)

(Reporting by Izabela Niemiec)

((izabela.niemiec@thomsonreuters.com))