NanoString Technologies To Be Acquired By Bruker For ~$392.6M In Cash Consideration, Plus Assumption Of Certain Liabilities; Bruker Wins Competitive Auction
Portfolio Pulse from Benzinga Newsdesk
NanoString Technologies is set to be acquired by Bruker for approximately $392.6 million in cash, along with the assumption of certain liabilities. This acquisition, resulting from a competitive auction, will conclude NanoString's chapter 11 bankruptcy proceedings, with the business operations being owned by Bruker moving forward. The transaction, supervised under a chapter 11 sale process, is anticipated to close in early-May 2024.
April 17, 2024 | 9:27 pm
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Bruker acquires NanoString Technologies for approximately $392.6 million in cash, plus the assumption of certain liabilities, following a competitive auction. This acquisition is expected to enhance Bruker's portfolio and is scheduled to close in early-May 2024.
Bruker's acquisition of NanoString Technologies represents a strategic expansion of its portfolio, likely to be seen as a positive development by the market. The successful bid in a competitive auction and the planned assumption of liabilities indicate Bruker's commitment to this acquisition, suggesting potential for future growth and synergy between the companies.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
POSITIVE IMPACT
NanoString Technologies is being acquired by Bruker, which will end its chapter 11 bankruptcy proceedings. The acquisition is for approximately $392.6 million in cash plus the assumption of certain liabilities.
The acquisition by Bruker not only provides a significant cash infusion but also ends the chapter 11 bankruptcy proceedings for NanoString Technologies. This is likely to be viewed positively by investors, as it removes the uncertainty surrounding NanoString's future and opens up new growth avenues under Bruker's ownership.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100