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Jerini's board recommends acceptance of Shire's offer

This article was originally published in Scrip

Executive Summary

Jerini's management and supervisory boards have recommended that the company's shareholders acceptShire's takeover offer of €6.25 per share. Shire, which already owns 80% of Jerini's shares, made the offer in July and has already subscribed to more than five million of the company's shares at a total issue price of around €21 million.

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