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Nordic Capital and Permira extended the offer period for their Bavarian Nordic A/S takeover bid while sticking with their original price tag, holding firm despite pushback from key investors opposed to the valuation of the Danish vaccine maker.
The private-equity pair said the offer will now end on October 14, a two-week extension to provide time to obtain the final regulatory approval, according to a statementBloomberg Terminal published on Monday. The firms didn’t change their offer price of 233-krone per share announced on July 28.