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BRIEF-Aerocrine board recommends shareholders accept Circassia bid
May 15, 2015 / 6:27 AM / 2 years ago

BRIEF-Aerocrine board recommends shareholders accept Circassia bid

May 15 (Reuters) - Aerocrine Ab :

* Circassia submits recommended cash offer for Aerocrine of 2.55 SEK/share

* Aerocrine board of directors recommends shareholders to accept the bid

* Total bid value 1.78 billion Swedish crowns ($216.2 million)

* Offer premium of 18 percent compared to Aerocrine’s share price on Nasdaq Stockholm on May 13 2015 Further company coverage: ($1 = 8.2400 Swedish crowns)

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