UPDATE: Johnson & Johnson (JNJ) Said to Raise Actelion Takeover Offer as Talks Advance - Bloomberg

November 29, 2016 9:51 AM EST

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(Updated - November 29, 2016 9:57 AM EST)

Johnson & Johnson (NYSE: JNJ) significantly increased its takeover offer for Actelion (OTC: ALIOY) from 246 swiss francs, or $26 billion, after it was rejected as too low, according to Bloomberg, citing people familiar with the matter. The new price couldn't be confirmed.

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