Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 30 2016

Johnson and Johnson raises undisclosed amount of bid with Actelion

A source informed that the main stumbling block is that Actelion wants J&J to become a major shareholder in a new entity combining the Swiss group with some of J&J's activities, whereas the U.S. company wants a straightforward takeover.

Johnson and Johnson raises undisclosed amount of bid with Actelion

Johnson and Johnson, one of the baby product companies, has reportedly raised bid with Actelion Pharmaceutical Ltd, a Swiss biopharmaceutical company.

The amount of the deal has not been disclosed yet.

A source informed that the main stumbling block is that Actelion wants J&J to become a major shareholder in a new entity combining the Swiss group with some of J&J's activities, whereas the U.S. company wants a straightforward takeover.

As reported by Reuters, Actelion co-founder and Chief Executive Jean-Paul Clozel has fended off previous attempts to wrest the Swiss firm from him, including a reported takeover approach by Shire last year and an activist campaign in 2011 by U.S. hedge fund Elliott Advisors.

Earlier, Bloomberg News reported that Actelion had rejected an offer of 246 francs per share, valuing the Swiss company at around 26.5 billion Swiss francs (USD 26 billion). The Clozels, both physicians who worked at Roche before setting up Actelion, still own more than 3 percent of its shares.

Recent pharma deals have commanded significant premiums, with Pfizer paying USD 14 billion for cancer specialist Medivation, double its pre-deal value.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Juices / Smoothies / Dairy Parlors
    About Us: “Lassi n Café” is one of the famous quick..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2010, Natural Living specialises offers a wide..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Bakery Products
    About the Brand: Country Harvest is a foods brand with the..
    Locations looking for expansion West Bengal
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater kolkata West Bengal
  • Pollution Control & Monitoring Equipments
    About Us: Hitech Enviro Engineers & Consultants Pvt. Ltd. provides complete..
    Locations looking for expansion Uttar pradesh
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Dadri Uttar pradesh
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities