Alere finally bags Axis-Shield with slightly increased offer
This article was originally published in Clinica
Executive Summary
After three months of dogged pursuit, Alere looks to have finally succeeded in its takeover bid for Axis-Shield by sweetening its offer price to 470p per share. The offer may only be 10p more than the original proposal of 460p made in July, and a far cry from the 550p-per-share figure touted by analysts as a reasonable price for the Anglo-Nordic firm, but Axis-Shield's board of directors has given the £235m ($364m) all-cash deal their seal of approval nonetheless.
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