Morningstar

Germany's Merck to Buy Bio-Techne for $11 Billion

Provided by Dow Jones Jun 25, 2026, 10:09:00 AM

By Adria Calatayud

Germany's Merck KGaA said it struck a deal to buy U.S. lab-tools supplier Bio-Techne for $11.4 billion, in its biggest acquisition in recent years.

Merck offered $73 a share in cash to buy Minneapolis-based Bio-Techne, giving it an enterprise value of about $11.3 billion, the German life-sciences and chemicals group said Thursday.

The price represents a 24% premium to Bio-Techne's closing price on Wednesday.

The proposed acquisition represents an early move by Merck's newly appointed chief executive, Kai Beckmann, to bolster the business.

The deal, subject to regulatory authorizations and to approval by Bio-Techne shareholders, will be funded through a combination of existing cash and new debt, Merck said.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

June 25, 2026 06:09 ET (10:09 GMT)

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