Bavarian Nordic Buyout Bid Fails, Company to Remain Independent
Bavarian Nordic, the Danish vaccine maker, will continue as an independent entity after a proposed private equity buyout failed to secure sufficient shareholder support. The offer, made by Nordic Capital and Permira through a newly formed company called Innosera, fell short of the required 66.7% shareholder acceptance, garnering only 60% approval by the November 5 deadline.