Business
Publication of offer document in respect of the takeover offer to the shareholders of Bavarian Nordic from the consortium led by Nordic Capital and Permira and lowering of minimum acceptance condition to 75%
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION COPENHAGEN, Denmark, August 26, 2025 – With reference to the announcement of 28 July 2025 (no. 21/2025) regarding the entering into of a binding agreement between Innosera ApS (the "Offeror"), a company controlled by Nordic Capital Fund XI1 and funds managed and advised by Permira Beteiligungsberatung
About this update from Bavarian Nordic A/s
[{"type":"image","alt":"Bavarian Nordic A/S","displaySize":"","headline":null,"caption":"Bavarian Nordic A/S","className":"","disableSlideshowImg":false,"size":{"original":{"width":224,"height":118,"url":"https://media.zenfs.com/en/globenewswire.com/8b66f55ff95ddf48491741d682cbdfa0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/X7d037B4FI93H1mEWMcPsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8b66f55ff95ddf48491741d682cbdfa0","width":224,"height":118}},"lazy":false},{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION","length":196,"tagName":"p"},{"type":"text","content":"COPENHAGEN, Denmark, August 26, 2025 – With reference to the announcement of 28 July 2025 (no. 21/2025) regarding the entering into of a binding agreement between Innosera ApS (the "Offeror"), a company controlled by Nordic Capital Fund XI1 and funds managed and advised by Permira Beteiligungsberatung GmbH, and Bavarian Nordic A/S ("Bavarian Nordic" or the "Company"), pursuant to which Innosera ApS will make an all-cash voluntary recommended public takeover offer to acquire all of the issued and outstanding shares (except for treasury shares) in Bavarian Nordic at a price of DKK 233.0 per share (the "Offer"), the Offeror has today published the offer document approved by the Danish Financial Supervisory Authority, including an acceptance form, in accordance with Sections 4(2) and 21 of the Danish Executive Order no. 614 of 2 June 2025 on Takeover Offers (the "Danish Takeover Order") (the "Offer Document"). A copy of the Offeror's announcement is attached to this announcement.","length":1054,"tagName":"p"},{"type":"text","content":"The Board of Directors2 will as soon as possible issue its statement concerning the Offer pursuant to Section 23 of the Danish Takeover Order (the "Board Statement").","length":176,"tagName":"p"},{"type":"text","content":"Shareholders should be advised that as set out in further detail in the Offer Document, the Offeror has decided to lower the minimum acceptance condition from more than 90% of the voting rights and share capital of the Company, excluding treasur...