After J&J in mid- december had bowed out of the bidding, and Actelion said that it was “engaged in discussions with another party” (which according to The Wall Street Journal could have been Sanofi) on the 22nd december J&J has announced to have entered into “exclusive negotiations” to the rare-disease drugmaker, indicating that other potential suitors had left the process.
According to Reuters, Johnson & Johnson and Actelion are now negotiating an agreement under which the Swiss biotech would be acquired for $260 per share (13
Source: Reuters
Read full pdf article Financial Times 12/22/2016
