Synlab soars on Cinven's acquisition offer

Synlab AG

29/09/2023 09:57

** Shares of German medical diagnostics provider Synlab
 SYAB.DE  surge more than 21% to 9.88 euros after UK private
equity firm Cinven says it will launch a public acquisition
offer for the company
    ** The offer price is 10 euros per Synlab share
    ** Cinven had in March submitted a non-binding offer to take
over Synlab for the same price
    ** Synlab has signed an investment agreement with Ephios
Luxembourg and its unit Ephios Bidco, which are controlled by
funds managed or advised by Cinven
    ** The Synlab shares are on track for best day since March
13, when they gained nearly 35% driven by Cinven's offer

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))