Bavarian Nordic’s Bidders Boost Offer Price to Lure Holdouts (1)

Nordic Capital and Permira raised their takeover bid for Bavarian Nordic A/S after failing to win adequate support from shareholders for an earlier offer.

The private equity duo is now offering 250 kroner per share, according to a statement on Wednesday, up from an original bid of 233 kroner — which had valued the Danish vaccine maker at about 19 billion kroner ($3 billion). The consortium described the new price as its “best and final offer,” saying it will not be increased further.

The move follows mounting pressure from shareholders who had argued that the original July 28 offer undervalued ...