Straumann seeks to acquire Biora

Implant dentistry company Straumann (Waldenburg, Switzerland) plans to acquire dental company Biora (SSE:BIOR; BIORY) for about SEK404 million ($47.3 million). Straumann is offering SEK17 per BIOR share, which is a 41% premium to BIOR's closing price of SEK12.1 on April 4. Straumann also is offering SEK1.50 per BIOR warrant. BIOR's board has recommended the offer. ...