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Italy's Snia faces $580 million takeover

This article was originally published in Clinica

Executive Summary

Snia, the Italian biomedical and chemicals group specialising in cardiovascular implantable devices, is facing a E670 million ($578 million) takeover, after unlisted Italian holding company Bios announced on January 29 a bid of E1.80 per share for the 71.2% of stock it does not own. Shares in the company were standing at around E1.90 as Clinica went to press, having risen from around E1.20 in mid-November.

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