Hotline: 1800 102 2007
X
Search Business Opportunities
Jan, 27 2017

​Johnson & Johnson agrees to buy Actelion Ltd for USD 30 billion

J&J will begin a tender offer to buy shares of Allschwil, Switzerland-based Actelion for USD280 each in cash, the companies said in a statement.

Johnson & Johnson agreed to buy Actelion Ltd for USD30 billion and spin off the Swiss drugmaker's research and development operations, clinching its largest deal ever to become a leader in medicines for a rare type of high blood pressure.

J&J, one of the world's biggest maker of health-care products, is fulfilling its goal of gaining a new drug category with the transaction and dealing a blow to France's Sanofi, which had also courted Actelion.

According to an analysis from Bloomberg Intelligence, the deal is expensive compared to recent industry takeovers such as Pfizer Inc's acquisition of Medivation Inc and AbbVie Inc's purchase of Pharmacyclics Inc.

The agreement caps two months of stuttering negotiations to find a deal structure palatable to Jean-Paul and Martine Clozel, Actelion's founders. The discussions were interrupted for several days after New Brunswick, New Jersey-based J&J walked away on December 13, only to return to the negotiating table about a week later, interrupting talks Clozel had started holding with France's Sanofi.

J&J will begin a tender offer to buy shares of Allschwil, Switzerland-based Actelion for USD280 each in cash, the companies said in a statement. The price, which equals 280.08 Swiss francs, is 23 percent above Wednesday's closing level. The research and development operations will be spun off to Actelion shareholders as a new publicly traded company with 1 billion francs of cash. J&J will keep a 16 percent stake in the new company.

Comment
image
Related opportunities
  • Quick Service Restaurants
    About Us: Chawlas Chicken(Chawla’s2) is one of the biggest North Indian..
    Locations looking for expansion Punjab
    Establishment year 1960
    Franchising Launch Date 1991
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ludhiana Punjab
  • Quick Service Restaurants
    About Us: Doner & Gyros is a casual fast food restaurant..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fine Dine Restaurants
    About Us: Pangu Hospitalities Services Pvt. Ltd.is all set to become..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Precious Jewellery
    About Us: TRIBE is a globally renowned, respected and coveted luxury fashion..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities