8th Jun 2015 05:48
LONDON (Alliance News) - Shire PLC is understood to be preparing a GBP12 billion offer for Swiss peer Actelion, The Sunday Times reported citing market sources who said Actelion was an "obvious target" for the British drugs specialist.
However, Shire could have a battle on its hands, The Times said, as Actelion is understood to have rebuffed an informal approach a few weeks ago. Shire may have to offer a sizeable premium.
Shire and Actelion told The Times that they didn't comment on market rumours.
http://www.thetimes.co.uk/tto/business/industries/health/article4463304.ece
By Steve McGrath; [email protected]; @stevemcgrath1
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