Bluebird bio receives higher upfront offer from PE firms Carlyle, SK Capital

Reuters

05/14

May 14 (Reuters) - Bluebird bio BLUE.O and Carlyle Group CG.O and SK Capital Partners said on Wednesday that the private equity firms have offered $5 per share upfront to takeover the gene therapy maker.

Shareholders may elect to receive either the new offer or the previous offer of $3 per share, with an additional $6.84 contingent upon bluebird achieving certain sales milestones.

(Reporting by Puyaan Singh in Bengaluru' Editing by Anil D'Silva)

((Puyaan.Singh@thomsonreuters.com;))

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