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Gefion Group launches takeover offer for NeuroSearch

Gefion Group Investment A/S, a unit of real estate company Gefion Group A/S, launched its voluntary public takeover offer to acquire NeuroSearch A/S for 4 Danish kroner in cash per share.

The offer is valid until June 25 and is conditional on the acceptance of more than half of NeuroSearch's share capital and voting rights.

In addition, the transaction is subject to the approval of Nasdaq Copenhagen A/S for NeuroSearch's maintained listing as well as other customary regulatory approvals.

Following completion, Gefion intends to integrate its real estate operations into NeuroSearch.

Denmark-based NeuroSearch develops and markets drug candidates in the central nervous system segment.