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Higher Bid to Come?

Algeta Stock Surges on $2.5B Offer from Xofigo Partner Bayer

By Cormac Sheridan
Staff Writer

Tuesday, November 26, 2013
Shares in Algeta ASA surged by 30 percent Tuesday as partner Bayer AG offered NOK336 (US$55.03) per share for the Norwegian firm, which values the company at NOK16.8 billion, or about $2.7 billion ($2.5 billion net its current cash).

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