Straumann rumoured to interest 3M and other US companies
Straumann, the listed Swiss dental technology group, could be a target for US company 3M, Sonntagszeitung reported. The Swiss weekly noted market rumours that 3M is one of several US companies looking at Straumann. The paper said the main question is whether the Straumann family is willing to sell its share holding to an American company. A bidder could offer CHF 400 per share in the next few months valuing the company at CHF 6.4bn and representing a 30% premium on the current share price.
Straumann currently has a market cap of CHF 4.9bn.
Sonntagszeitung