April 9, 2018 / 4:51 AM / 6 months ago

BRIEF-AveXis Enters Agreement To Be Acquired By Novartis For $8.7 Bln

April 9 (Reuters) - AveXis Inc:

* AVEXIS ENTERS AGREEMENT TO BE ACQUIRED BY NOVARTIS AG FOR $8.7 BILLION

* SAYS OFFER REPRESENTS A PREMIUM OF 88 PERCENT TO AVEXIS’ CLOSING PRICE ON APRIL 6, 2018

* ENTERED AGREEMENT AND PLAN OF MERGER WITH NOVARTIS PURSUANT TO WHICH NOVARTIS WILL ACQUIRE AVEXIS FOR $218 PER SHARE

* SAYS TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES. Source text for Eikon: Further company coverage:

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