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Sanofi discusses $275 per Actelion share for potential deal - Bloomberg
December 16, 2016 / 2:50 AM / 8 months ago

Sanofi discusses $275 per Actelion share for potential deal - Bloomberg

A long-time exposure shows the headquarters of Swiss biotech company Actelion in Allschwil, Switzerland December 6, 2016. Reuters / Arnd Wiegmann

(Reuters) - French drugmaker Sanofi (SASY.PA) is in advanced talks to buy Actelion Ltd (ATLN.S) and is discussing a price of about $275 per share for the Swiss drugmaker, Bloomberg reported on Thursday.

The potential deal, which could come as soon as next week, would value Actelion at about $29.6 billion (23.86 billion pounds), Bloomberg reported, citing people with knowledge of the matter. bloom.bg/2hCMRLu

Actelion is in talks with Sanofi about a deal, Reuters reported on Wednesday, after U.S. healthcare group Johnson & Johnson (JNJ.N) abandoned efforts to buy the company.

Sanofi and Actelion could not immediately be reached for comment.

Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier

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