Shire now holds 81% of Jerini
UK drugmaker Shire says it has now acquired 81% of the shares in Jerini AG of Germany through its wholly-owned indirect subsidiary Shire Deutschland Investments GmbH (formerly Maia Elfte Vermogensverwaltungs-GmbH), which also published an offer document in respect of the remaining outstanding shares in Jerini.
The intention to make the voluntary takeover offer for a cash consideration of 6.25 euros per share was announced last month (Marketletter July 14).
The offer period will expire on September 10,at 24.00 CEST and the offer can be accepted until the last day of any additional acceptance period.
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