Bio-Techne Surges After Merck KGaA Announces $73-Per-Share Cash Acquisition Offer
Shares of Bio-Techne surged over 20% after German pharmaceutical giant Merck KGaA announced a cash acquisition offer at $73 per share. The deal is expected to add value through complementary strengths in research and bioprocessing, with potential annualized cost synergies exceeding $150 million.