India, June 25 -- Shares of Bio-Techne Corporation (TECH) are rising about 19 percent on Thursday morning after the company announced a definitive agreement to be acquired by Darmstadt, Germany-based Merck KGaA (MKKGY) for $73 per share in cash, representing an enterprise value of $11.3 billion.
The company's shares are currently trading at $70.31 on the Nasdaq, gaining 19.43 percent in the latest session. The stock opened at $70.22 and touched an intraday high of $70.57. Over the past 12 months, the shares have traded between $43.20 and $72.16.
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