Actelion shares fall on report it rejects J&J offer
Reuters
Published Nov 30, 2016 11:52AM ET
Updated Nov 30, 2016 12:10PM ET
Actelion shares fall on report it rejects J&J offer
ZURICH (Reuters) - Shares in Swiss biotech company Actelion fell more than 6 percent after news outlet streetinsider.com reported on Wednesday the company had rejected a full takeover offer by U.S. healthcare group Johnson & Johnson (NYSE:JNJ) and may sell a unit.
Actelion declined to comment on the report, which cited an unidentified source, and referred to a statement the company had published on Friday. The companies had confirmed last week they were in talks about a possible transaction.
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Written By: Reuters
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