Stratec jumps on M&A chatter

Stratec SE

01/04/2022 08:57

** Shares in German biomedical technology company Stratec
 SBSG.DE  jump 17% on takeover rumours
    ** Some financial investors are considering an offer for
Stratec, an insider told Reuters
    ** Permira, KKR and Stratec declined to comment
    ** According to a report by Bloomberg News, EQT  EQTAB.ST ,
KKR  KKR.N , CVC and Permira could target a 40.55% stake in
Stratec from the company's founder Hermann Leistner and his
family
    ** If the investors win the bid, this could trigger a
takeover bid to all shareholders, Bloomberg says
    ** Permira, KKR and Stratec declined a Reuters request for
comment
    ** "In February, there were reports that Leistner was
exploring options for his stake," a local trader said
    ** Stratec tops Germany's small-cap index  .SDAXI 

 (Reporting by Bartosz Dabrowski)
 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))