Reports suggest J&J's Actelion takeover is edging closer
The latest on the takeover talks between US health care giant Johnson & Johnson (NYSE: JNJ) and its target Actelion (SIX: ATLN) is that Switzerland’s takeover board has been asked about the viability of a complex deal.
This update has been reported by Swiss newspaper Tages-Anzeiger, which does not quote sources but suggests that the two companies have approached the board, which determines whether a deal meets legal requirements.
The two companies reportedly asked about a proposal under which J&J would acquire Actelion, while separating its commercialized portfolio from its research and development (R&D) assets, a deal structure first reported by the Reuters news agency last week.
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