J&J ends takeover talks with Actelion, which says it's talking with another party
In a brief statement issued late yesterday, US healthcare giant Johnson & Johnson (NYSE: JNJ) confirmed it has ended discussions with Swiss biotech Actelion Pharmaceuticals (SIX: ATLN) regarding a potential transaction.
Johnson & Johnson was not able to reach an agreement that it believed would create adequate value for its shareholders, the company explained.
Actelion’s shares were down 7.77% at 192.30 Swiss francs in early trading this morning.
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