Business
The Board of Directors maintains its recommendation in supplementary statement in respect of the improved takeover offer to the shareholders of Bavarian Nordic from the consortium led by Nordic Capital and Permira
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, October 16, 2025 – Reference is made to Bavarian Nordic A/S' ("Bavarian Nordic" or the "Company") announcements of 26 August 2025 (no. 24/2025 and no. 25/2025) regarding the publication of the offer document, as amended by the supplements dated 29 September 2025 and 15 October 2025
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, October 16, 2025 – Reference is made to Bavarian Nordic A/S' ("Bavarian Nordic" or the "Company") announcements of 26 August 2025 (no. 24/2025 and no. 25/2025) regarding the publication of the offer document, as amended by the supplements dated 29 September 2025 and 15 October 2025 (the "Offer Document"), concerning the voluntary public takeover offer to acquire all of the issued and outstanding shares (except for treasury shares) in Bavarian Nordic made by Innosera ApS (the "Offeror" and such takeover offer, the "Offer"), a company controlled by Nordic Capital Fund XI1 and funds managed and advised by Permira Beteiligungsberatung GmbH. On 26 August 2025 Bavarian Nordic published a statement by the Board of Directors2 (the "Original Statement") prepared pursuant to section 23(1) of the Danish Executive Order no. 614 of 2 June 2025 on Takeover Offers (the "Danish Takeover Order") in connection with the Offer.","length":1016,"tagName":"p"},{"type":"text","content":"Luc Debruyne, Chair of the Board of Directors of Bavarian Nordic, said:"Following the extension of the offer period and the increased offer price the board of directors maintains its recommendation to shareholders to accept the offer. Based on our view of the company's fundamental value and in the light of the share price level over a longer period prior to the consortium's takeover bid being made public, we continue to find the offer fair and attractive."","length":479,"tagName":"p"},{"type"...