Actelion (ALIOY) Said to Attract Takeover Interest - Source
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Switzerland-based Actelion has attracted takeover interest, according to a person claiming to have knowledge of the matter. The source hinted that the mystery buyer is likely a major U.S.-based pharmaceutical company, but he wouldn't reveal the bidder’s name or the offer price. The ADR's of Actelion trade thinly in the U.S. under the ticker symbol (OTC: ALIOY).
Actelion has an enterprise value of over $16 billion, and if it agreed to be acquired before the end of the year it would be among the largest pharma deals of 2016.
New Jersey-based Johnson & Johnson (NYSE: JNJ) and Paris-based Sanofi (NYSE: SNY) were previously mentioned as potential suitors for the Swiss drug company, but Actelion management has in the past been quick to downplay the idea that it’s a takeover target.
"If we want to continue to create shareholder value, the best for us is to remain independent," Actelion's CEO Jean-Paul Clozel told Bloomberg during an interview in April, days after a rumor surfaced.
Actelion, Johnson & Johnson, and Sanofi didn't respond to requests to comment.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Johnson & Johnson (JNJ) Talks with Actelion Said to Progress After New Offer North of $250/Share - Bloomberg
- Ladder Capital (LADR) to Explore Sale - Reuters
- Ingram Micro (IM)/Tianjin Deal Said to Receive Approval from China's SAFE - DealReporter
Create E-mail Alert Related CategoriesHot M&A, Mergers and Acquisitions, Rumors
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!