Market Chatter: Qiagen Attracts Early Takeover Interest From EQT, Advent, KKR

MT Newswires Live07-09

Qiagen (QGEN) is attracting early takeover interest from private equity firms including EQT (EQT), Advent and KKR (KKR), with some potential bidders considering offers of at least $50 per share, Bloomberg reported Thursday, citing people familiar with the situation.

Qiagen, which has been conducting a strategic review with advisers, could also draw interest from additional buyout firms and strategic acquirers. Deliberations are ongoing and there is no certainty they will result in a transaction, according to the report.

Qiagen shares rose as much as 14% in US trading before trimming gains to trade up about 11%, valuing the company at roughly $8.7 billion, the report said.

Qiagen, EQT, Advent and KKR did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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