Bruker to Acquire the NanoString Business in an Asset Deal
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Stifel on Bruker (BRKR) Nanostring Deal: 'This outlook is useful in that it frames the conversation on expectations going forward'
April 22, 2024 12:56 PM EDTStifel analyst Daniel Arias reiterated a Hold rating on Bruker (NASDAQ: BRKR).
The analyst comments "Following last week's press release from NanoString, this morning BRKR announced that they have entered into a definitive acquisition agreement to acquire substantially all of the assets and rights associated with NanoString's business for ~$392.6M in cash and the assumption of certain liabilities. BRKR noted that given the disruption associated with the Chapter 11 reorganization, the previous European Unified Patent Court's injunction on... More
