J&J ‘raises Acte­lion takeover of­fer’

China Daily (USA) - - BUSINESS -

John­son & John­son, the world’s big­gest maker of health­care prod­ucts, raised its takeover of­fer for Acte­lion Ltd as ne­go­ti­a­tions with Europe’s largest biotech firm pro­gressed, sources said. The sources couldn’t con­firm what the newof­fer was but said J&J sig­nif­i­cantly in­creased its of­fer from an ear­lier bid of about 246 Swiss francs ($242) a share, or $26 bil­lion, which the Swiss com­pany re­jected as too low. Acte­lion has

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.