Kin aspires to become a leading health science entity in the Asia Pacific region and will continue to invest in Blackmores, its brands and its foundations to accelerate growth. Tokyo Stock Exchange listed Kirin’s businesses span food and beverage, pharmaceuticals and health science sectors and it has a current market cap of about $22.9 billion. It represents a 23.7% premium to Blackmores last closing price of $76.79 prior to the offer and a 30.5% premium to its one-month volume weighted average price of $72.80.īlackmores board has recommended the offer with chair Wendy Stops saying its an “attractive, all-cash” transaction. The bid effectively gives Blackmores an equity value of $1.88 billion and an enterprise value of $1.84 billion. Saving Earth Britannica Presents Earth’s To-Do List for the 21st Century.Under the scheme of arrangement, shareholders have been offered $95 cash per share held.100 Women Britannica celebrates the centennial of the Nineteenth Amendment, highlighting suffragists and history-making politicians.COVID-19 Portal While this global health crisis continues to evolve, it can be useful to look to past pandemics to better understand how to respond today.Student Portal Britannica is the ultimate student resource for key school subjects like history, government, literature, and more.
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