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Private Equity Firm EQT Hopes Higher Cash Offer Will Win It Karo Pharma

 
• By Sten Stovall

Private equity firm EQT hopes a higher cash offer for Swedish specialty pharma group Karo Pharma than the one it made two months ago will persuade reluctant shareholders in the biotech to now sell their holdings.

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EQT raised its cash offer for Swedish specialty pharma group Karo Pharma • Source: Shutterstock

In an effort to win over hesitant investors, Sweden-based private equity group EQT raised its cash offer for Swedish specialty pharma group Karo Pharma AB to SEK6.15bn ($684m), saying the move was in part in response to stock market declines since its original offer was tabled in late October.

Stockholm-listed Karo Pharma focuses on researching and developing novel medicines based on the nuclear receptors, and collaborates with, among others,...

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