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Medtech

Amplex Bids $100 Million to Acquire and Delist Addvise Group

Summary generated with AI, editor-reviewed
Heartspace News Desk
Source: Medtech Magazine, DI
TL;DR

Swedish investment firm Amplex launched a SEK 1.05 billion public takeover bid for life science company Addvise Group, aiming to delist it from the stock exchange, according to Medtech Magazine. Amplex's offer, at SEK 1.65 per share and SEK 0.49 per warrant, signifies a 42% premium over Addvise's recent valuation.

Key takeaways

  • Amplex, a Swedish investment firm, has initiated a public takeover bid for Addvise Group, a life science company, valuing the firm at SEK 1
  • Reported in Medtech Magazine by DI, the proposed acquisition includes a plan to delist Addvise from the stock exchange
  • Amplex's offer of SEK 1
Amplex, a Swedish investment firm, has initiated a public takeover bid for Addvise Group, a life science company, valuing the firm at SEK 1.05 billion. Reported in Medtech Magazine by DI, the proposed acquisition includes a plan to delist Addvise from the stock exchange. Amplex's offer of SEK 1.65 per share and SEK 0.49 per warrant represents a 42% premium over Addvise's recent valuation. According to a press release, Fredrik Celsing, CEO of Amplex and Chairman of Addvise, cited "significant challenges in an uncertain global environment" as justification for the acquisition. The move is likely intended to insulate Addvise from ongoing market volatility.

Related Topics

AmplexAddvise Groupacquisitionlife sciencetakeover biddelistinginvestment

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