Alere Announces Offer to Acquire Axis-Shield for $7.51 Share

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Alere Inc. (NYSE: ALR) announced earlier today that it will make a cash offer for the entire issued and to be issued ordinary share capital of Axis-Shield, whose shares are traded on the main market of the London Stock Exchange and on the Oslo Bors. Axis-Shield shareholders will be offered 460 pence (or approximately $7.51) for each Axis-Shield share held by them, valuing the transaction at approximately £230 million (or approximately $375 million). The offer will be conditional upon Alere receiving valid acceptances in respect of not less than 90 percent of Axis-Shield shares to which the offer relates and not less than 90 percent of the voting rights carried by those shares.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!