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Friday, September 5, 2014

Nobel Biocare shares rise on renewed bid speculation, (NYSE: DHR)

Shares in Swiss dental implant maker Nobel Biocare rose on Friday, with two traders attributing the stock's gains to an AWP media report of possible bid interest for the company. AWP reported that there were stock market rumours of a bid next week for Nobel Biocare at 23 Swiss francs per share.A spokesman for Nobel Biocare declined to comment.Nobel Biocare shares were up by 3.8 percent at 17.75 Swiss francs by 1200 GMT.Last month, Bloomberg News reported that Nobel Biocare had attracted interest from possible buyers including U.S. conglomerate Danaher Corp and takeover group EQT Partners.

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. Shares of DHR fell by 0.46% or $-0.35/share to $76.24. In the past year, the shares have traded as low as $66.41 and as high as $81.14. On average, 2880490 shares of DHR exchange hands on a given day and today's volume is recorded at 2262886.