Chr. Hansen jumps 30%, Novozymes falls after co agree merger

Chr Hansen Holding A/S

12/12/2022 08:21

** Shares in Chr. Hansen  CHRH.CO  jump as much as 36% after
the Danish food ingredients maker and its peer Novozymes
 NZYMb.CO  have agreed to merge
    ** The deal, where Chr. Hansen is the dissolving company,
values each Chr. Hansen share at DKK 660.55 per share 
    ** Nordnet analyst Per Hansen points to a "huge" premium of
more than 48% compared to the stock's closing price on Friday of
DKK 444.2 per share 
    ** "Combination of the companies has been suggested for over
a decade and it seems sensible in a consolidating sector with
overlapping technologies," Credit Suisse says 
    ** Chr. Hansen's shares were up 23% at 0820 GMT, while
Novozymes fell 14%
($1 = 0.9504 euros)
 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))