It will buy Actelion for some $30 billion using cash “stranded” in its overseas operations. It is the largest M&A deal so far across the biotech industry this year.
Category: Actelion Pharmaceuticals
The Next Target in Biotech Land
It will buy Actelion for some $30 billion using cash “stranded” in its overseas operations. It is the largest M&A deal so far across the biotech industry this year.
J&J’s Decision to Walk Away Set Stage for Renewed Actelion Talks
Johnson & Johnson’s willingness to walk away from talks to acquire Swiss biotechnology company Actelion Ltd. for about $28 billion is the very thing that got the two sides back to the negotiating table. This week, amid rising pressure from shareholders, Actelion surprised investors and re-entered negotiations with J&J, which signaled a willingness to raise its offer if granted exclusivity, said people familiar with the matter.