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Straumann acquires dental company Biora AB

Executive Summary

Swiss dental implant and oral tissue regeneration firm Straumann Holding AG has made an offer to acquire the publicly traded Swedish biology-based dental company Biora AB for about SEK404mm ($47mm). Straumann plans to pay SEK17 in cash per share--a 47% premium to Biora's 30-day average closing price--and is also offering SEK1.50 in cash for each outstanding Biora warrant issued to employees under a 2001/2004 program. Biora reported total revenues of SEK130mm for the year ended December 31, 2002.
Deal Industry
  • Biotechnology
  • Medical Devices
    • Biomaterials
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Payment Includes Stock
    • Intra-Biotech Deal

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