• search

Siemen's open offer for Bayer Diagnostics shareholders

Written by: Staff

New Delhi, July 3 (UNI) JP Morgan India on behalf of Siemens AG announced today to the shareholders of Bayer Diagnostics India to acquire upto maximum of 313,470 equity shares of Rs 10 each of the Bayer.

These shares represent up to 20 per cent of the outstanding voting equity share capital of Bayer at a price of Rs 629.45 per offer share payable in cash.

This has taken place according to rule 20 and 21 of the Takeover Regulations. If the aggregate of the valid responses to the offer exceeds the offer size of 313,470 equity shares, then the acquirer shall accept the equity shares received on a proportionate basis in accordance with rule 21(6) of the Takeover Regulations.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more