Business · Markets · 8 hrs ago
Dax closes flat as Qiagen jumps on reported EQT takeover offer
Germany’s Dax ended Tuesday unchanged at 25,307 points after recovering from losses earlier in the day.
The index had been under pressure as investors reacted to protests in Europe and economic data.
Qiagen was the day’s biggest gainer, after a Bloomberg report said Swedish investment firm EQT wanted to buy the diagnostics company.
The report said EQT had made a binding offer of more than $50 per share, valuing the deal at over €9 billion.
Qiagen shares rose 3.8% by the close, then extended their gain to 6.8% after trading ended.
The reported offer has not been confirmed in the source, and no further next steps were given.
Germany’s Dax closed unchanged at 25,307 points on Tuesday after recovering most of its earlier losses.
Qiagen was the index’s biggest gainer after a Bloomberg report said Swedish investment firm EQT wanted to acquire the diagnostics company.
The report said EQT had made a binding offer of more than $50, or €44.50, per share.
Qiagen shares ended the session up 3.8% and rose to a gain of 6.8% after trading.
- Who
- EQT, a Swedish investment firm, was reported to be seeking to acquire Qiagen.
- What
- Bloomberg reported that EQT had made a binding offer of more than $50 per share. The Dax closed unchanged.
- When
- Tuesday, October 20, 2026.
- Where
- The Dax is Germany’s leading stock index; Qiagen shares were discussed in the German market report.
- Why
- The reported takeover offer drove Qiagen shares higher. The Dax recovered as US stocks rose and oil and gas prices fell.
This story does not have two clearly opposing sides.
The Dax was down 1.3% in early afternoon trading amid pressure from high oil prices and weakness in US technology stocks.
The Dax recovered earlier losses and closed unchanged at 25,307 points.
A Bloomberg report of a possible EQT takeover offer sent Qiagen shares higher.
- Dax close
- 25,307 points, unchanged
- Qiagen close
- Up 3.8%
- Qiagen after-hours gain
- 6.8%
- Reported EQT offer
- More than $50 (€44.50) per share
- Reported deal value
- More than €9 billion
4 sources
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