GE Healthcare bids for Biacore
GE Healthcare, the subsidiary of General Electric which in 2004 acquired the UK's Amersham group, has made a 3.22 billion Swedish kronor ($435.7 million) cash offer for Swedish medical instruments firm Biacore. The bid price is at a premium 35% to Biacore's average over the past month. US pharmaceutical giant Pfizer is the largest shareholder in Biacore, with a 41% stake, and has said that it will agree to GE's offer, although this is dependent on 90% shareholder acceptance.
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