Germany's Merck to buy Bio-Techne for $11.3 billion-November 2024-www.financetom.com

Germany's Merck to buy Bio-Techne for $11.3 billion

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Germany's Merck to buy Bio-Techne for $11.3 billion

Jun 25, 2026 3:46 AM

June 25 (Reuters) - Merck KGaA has agreed to

acquire biotech firm Bio-Techne Corp ( TECH ) for $11.3 billion,

the German science and healthcare firm said in a statement on

Thursday.

Shares of Bio-Techne ( TECH ) rose 22% in premarket trading.

The offer price of $73 per share implies a 24% premium to

Bio-Techne's ( TECH ) close on Wednesday.

The acquisition would expand Merck's presence in

life-science research. Bio-Techne ( TECH ) supplies research reagents,

proteins, antibodies, analytical instruments and other tools

used by scientists and drug developers.

The German firm said it would fund the acquisition through a

combination of existing cash and new debt.

(Reporting by Danny Callaghan, Christy Santhosh and Padmanabhan

Ananthan; Editing by Linda Pasquini and Shinjini Ganguli)

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