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Probi shares surge in line with premium after Symrise buyout offer



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** Shares in Probi PROB.ST soar 42.7% after German fragrance maker Symrise SY1G.DE said on Wednesday it intends to bid 350 crowns per share to reach full ownershipin the Swedish probiotic solutions company

** Symrise is already Probi's largest shareholder and holdsabout 69.7% of the Swedish company'stotal share capital

** Symrisesaid in a statement that the total value of the offer amounts to about 1.21 billion Swedish crowns ($110.49 million), and represents a 42% premium to Probi's closing price on November 19

** Probishares are on track for their best day ever; Symrise stock is down 0.4% at 0835 GMT




($1 = 10.9517 Swedish crowns)



Reporting by Jesus Calero and Marleen Käsebier

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