Bayer says raises offer for Norway's Algeta

FRANKFURT Thu Dec 19, 2013 2:16am EST

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FRANKFURT Dec 19 (Reuters) - Bayer has raised its offer for Norway's Algeta, its partner for a new prostate cancer treatment, to 362 Norwegian crowns per share, valuing Algeta's equity at 2.1 billion euros ($2.9 billion).

Bayer in late November offered to pay 336 Norwegian crowns per Algeta share. ($1 = 0.7266 euros) (Reporting by Christoph Steitz; Editing by Jonathan Gould)

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