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A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. REUTERS/Ralph Orlowski Purchase Licensing Rights, opens new tab
June 25 (Reuters) - Merck KGaA (MRCG.DE), opens new tab has agreed to acquire biotech firm Bio-Techne Corp (TECH.O), opens new tab for $73 per share in cash, the German science and healthcare firm said in a statement on Thursday.
The offer price, representing a total enterprise value of around $11.3 billion, represents a 36% premium on Bio-Techne's one-month volume weighted average share price, Merck said.
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Reporting by Danny Callaghan, Editing by Linda Pasquini
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