Actelion acquisition close to completion, says J&J

31 March 2017

Updating on its proposed acquisition of Swiss biotech firm Actelion (SIX: ATLN), US healthcare giant Johnson & Johnson (NYSE: JNJ) says the $30 billion deal is nearly done and is expected to complete in the second quarter.

J&J subsidiary Janssen Holding GmbH published the provisional notice of the interim result of its all-cash public tender offer, noting that at the expiration of the main offer period, a total of 78,629,955 Actelion shares were tendered, corresponding to 73.25% of the 107,339,642 Actelion shares covered by the tender offer.

Subject to the satisfaction of certain conditions, Janssen has declared the tender offer successful. The additional acceptance period of 10 trading days (at the SIX Swiss Exchange) for the subsequent acceptance of the tender offer will commence on April 6, 2017 and expire on April 21, 2017.

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