(Reuters) -Innosera, a consortium led by Nordic Capital and Permira, failed to achieve the required level of support from shareholders for its planned takeover of Bavarian Nordic and will withdraw its bid, Bavarian Nordic said on Thursday.

The consortium received acceptances from shareholders representing 60% of shares in Bavarian Nordic, falling short of the minimum acceptance threshold of 66.67% of all shares in the company.

Innosera has therefore resolved to withdraw the offer, Bavarian Nordic said in a statement.

“We acknowledge and respect the decision made by shareholders, which means that Bavarian Nordic will continue as an independent listed company with its current growth strategy,” Bavarian’s chair Luc Debruyne said in a statement.

The offer announced in July included a subsc

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