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flag US firm KKR proposes $1.2 billion buyout of Swedish firm Biotage, offering a 60% premium.

flag US investment firm KKR is offering $1.2 billion to acquire Biotage, a Swedish life-sciences company, which values the firm at about $1.22 billion. flag KKR, already owning 17% of Biotage through Gamma Biosciences, is proposing to buy out the rest of the company at a 60% premium to its recent share price. flag Biotage's board recommends that shareholders accept the offer.

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