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Nordic Capital offers to buy Advanz Pharma in $846 million deal

Jan 27 (Reuters) - Private equity investor Nordic Capital on Wednesday offered to buy Advanz Pharma, valuing the drugmaker at $846 million as part of a move to invest in accelerating the company’s pipeline of innovative specialty pharmaceutical products.

Under the offer, shareholders would receive a price of $17.26 per Advanz Pharma share and can also elect a non-cash alternative offer to receive unlisted shares in Cidron Aida for each Advanz Pharma share. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Arun Koyyur)

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