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Algeta board backs new $2.9B bid from Bayer

By Cormac Sheridan
Staff Writer

Thursday, December 19, 2013

Bowing to the inevitable, the board of Algeta ASA voted unanimously to recommend a sweetened NOK362-per-share bid from Bayer AG, which values the company at NOK17.6 billion (US$2.9 billion).

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