Venlo, The Netherlands, – QIAGEN N.V. (NASDAQ: QGEN; Frankfurt Prime Standard: QIA) announced the successful completion of the conditional, voluntary public tender offer for the shares in Exiqon A/S, a world leader in RNA technology. The extended Offer Period expired yesterday, on 22 June 2016, at 23.59 (CET).

QIAGEN N.V. has in total received acceptances from shareholders in Exiqon A/S representing 34,852,938 shares or approximately 94.52% of the share capital and voting rights in Exiqon A/S. The Offer will be settled in cash through the shareholders in Exiqon’s own custodian banks and will be effected as soon as possible, but not later than 28 June 2016. QIAGEN N.V. will apply for a delisting of the shares of Exiqon A/S and intends to initiate a squeeze-out of the remaining minority shareholders immediately after completion of the offer.

“We are very pleased to have completed this transaction and will now initiate the integration process”, commented Peer M. Schatz, Chief Executive Officer of QIAGEN N.V. “We welcome our new employees to the QIAGEN family and look forward to providing the exciting benefits of the now combined portfolio to research and diagnostic laboratories.”

Exiqon has a strong position in the promising new market of non-coding RNA (ncRNA). The company has developed and successfully commercialized comprehensive RNA technology solutions that fit seamlessly into QIAGEN’s Sample to Insight portfolio. Together with Exiqon, QIAGEN expects to deliver a broad and industry leading offering of molecular biology solutions – spanning sample technologies, assay technologies, and bioinformatics.

Transaction background

On 18 April 2016, QIAGEN had published a conditional, voluntary public tender offer for the shares in Exiqon A/S, in which the shareholders were offered a cash amount of DKK 18 for each share they held in the company. This Offer period had been extended on 19 May 2016 and on June 3 at unchanged terms and conditions. On 8 June 2016, QIAGEN announced its decision to change the offer conditions, reducing the acceptance threshold from 90% to 89.20%.

The total consideration to fully acquire Exiqon is estimated at approximately DKK 683 million. Based on a currency exchange rate of DKK 1.00 = $0.150 (market rate as of March, 29, 2016), the transaction is valued at approximately $100 million.

Details of the financial impacts will be announced on QIAGEN’s next earnings call held on July 29.

Barclays is financial adviser to QIAGEN in connection with the Offer and Danske Bank A/S is acting as settlement agent.

Special information for United States residents

The Offer is subject to the laws of Denmark. The Offer relates to the securities of a Danish company and is subject to the disclosure requirements applicable under Danish law, which may be different in material respects from those applicable in the United States. The Offer is being made in the United States in compliance with Section 14(e) of, and Regulation 14E promulgated under, the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and otherwise in accordance with the requirements of Danish law. The Offer is not subject to Section 14(d)(1) of, or Regulation 14D promulgated under, the Exchange Act, and is made in reliance on the exemption provided by Rule 14d-1(d) thereunder.