Actelion Confirms Johnson & Johnson (JNJ) Takeover Approach

November 25, 2016 11:00 AM EST

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Actelion (OTC: ALIOY) confirmed it has been approached by Johnson & Johnson (NYSE: JNJ) about a possible transaction.

The company said there can be no certainty that a transaction will result.

StreetInsider first reported on Wednesday that Actelion was a target of a takeover from a major U.S. pharmaceutical company. Bloomberg advanced the story on Thursday/Friday, saying Johnson & Johnson was the bidder.

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