Bavarian Nordic Bidders Extend Offer Deadline, Maintain Price

Nordic Capital and Permira extended the offer period for their Bavarian Nordic A/S takeover bid while sticking with their original price tag, holding firm despite pushback from key investors opposed to the valuation of the Danish vaccine maker.

The private-equity pair said the offer will now end on October 14, a two-week extension to provide time to obtain the final regulatory approval, according to a statement published on Monday. The firms didn’t change their offer price of 233-krone per share announced on July 28.

The move comes amid pressure from key shareholders who have argued that the offer undervalues Bavarian’s ...