Bio-Techne Corporation
Bio-Techne Corporation Announces Merger with Merck KGaA, Darmstadt, Germany
Summary
Bio-Techne Corporation has entered into an Agreement and Plan of Merger with Merck KGaA, Darmstadt, Germany, and its subsidiary EMD Holdings NewCo, Inc. Under the terms of the agreement, each share of Bio-Techne's common stock will be converted into the right to receive $73.00 in cash. The merger is subject to certain conditions, including shareholder approval and regulatory approvals. Additionally, the Compensation Committee has approved cash retention bonuses for the company's named executive officers to encourage their continued employment through the merger's completion.
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About Bio-Techne Corporation
Bio-Techne Corporation is a leading developer and manufacturer of high-quality biological products and solutions for the research and clinical diagnostic markets. The company specializes in providing an extensive range of biotechnological tools that support the advancement of life sciences. Key offerings include proteins, antibodies, assay kits, and laboratory services critical for scientific research and drug development. Bio-Techne operates across diverse sectors such as biotechnology, pharmaceuticals, academic research, and healthcare, supplying innovative solutions that facilitate groundbreaking research and therapeutic discoveries. Its products are essential in advancing modern biology and medicine, contributing to significant developments in areas like cancer research, immunology, and cell biology. Bio-Techne’s commitment to innovation and quality makes it a pivotal player in the biotechnology industry, elevating scientific discovery and fostering advancements in personalized medicine and diagnostics. With a strong global presence, Bio-Techne continues to impact the global life sciences landscape profoundly, upholding a legacy of excellence and reliability in the biotechnological sector.
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