2nd Jun 2014 06:19
LONDON (Alliance News) - Shire PLC has secured a USD5 billion credit facility from banks including Citigroup to finance its planned takeover offer for the US's NPS Pharmaceuticals, The Times said on Monday, citing insiders.
The FTSE 100 listed pharmaceutical company is believed to have arranged the deal to buttress its takeover offer for NPS, a developer of drugs for sufferers of a debilitating bowel condition.
http://www.thetimes.co.uk/tto/business/industries/health/article4106188.ece
By Tom McIvor; [email protected]; @TomMcIvor1
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Shire