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Halozyme Bid For Evotec Does Not Look High Enough

 
• By Kevin Grogan

The US firm wants to hook up with the German group to create a global innovative services company but its €11.00 per share cash offer looks unlikely to sway Evotec shareholders.

Blue arrow on wooden hexagons, adding expanding concept
Halozyme looking to expand • Source: Shutterstock

Shares in Germany’s Evotec are on the rise thanks to an unsolicited takeover bid from Halozyme Therapeutics but the size of the offer – around €2.00bn ($2.12bn) – suggests that any potential deal is some way off.

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