Rosen’s Diversified today agreed to a deal to acquire the entire issued and to-be-issued ordinary share capital of Collagen Solutions (LON:COS).
Rosen’s Diversified (RDI) is a Fairmont, Minn.-based food production, agrichemical and distribution company that is already Collagen Solutions’ largest shareholder, according to a news release. Collagen Solutions, which has a U.K. headquarters and operates out of Eden Prairie, Minn., develops medical grade collagen, tissues and related devices and components for use in regenerative medicine, tissue engineering and research.
Under the agreement, Collagen shareholders are entitled to receive approximately 9¢ (6.5 pence) in cash for each share held, valuing the entire existing issued and to-be-issued ordinary share capital at approximately $40.2 million (£30.41 million) on a fully diluted basis.
As of the date of the announcement, RDI beneficially owns 83.6 million shares of Collagen, r…