VWR Enters into Definitive Agreement with Avantor

Avantor to Acquire VWR for $6.4 Billion

05-May-2017 - USA

Avantor, a global supplier of ultra-high-purity materials for the life sciences and advanced technology industries, and VWR, the major global independent provider of product, supply chain, and service solutions to laboratory and production customers, announced that they have entered into a definitive agreement under which Avantor will acquire VWR for $33.25 in cash per share of VWR common stock, reflecting an enterprise value of approximately $6.4 billion. The purchase price represents an approximate 17% premium to the unaffected closing stock price on May, 2, 2017, the day prior to the start of market speculation regarding a potential sale of VWR. The purchase price also represents an approximate 20% premium to the 30 trading day volume weighted average price (VWAP), and an approximate 24% premium to the 90 trading day VWAP of VWR common stock as of May 2, 2017.

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