Johnson & Johnson says it is in negotiations with Actelion Ltd. about a possible takeover of the $19.9 billion Swiss biotech company.
Actelion and J&J confirmed the talks in separate statements Friday, saying there was no guarantee a deal will happen. Actelion is working with an adviser to discuss options, according to a Bloomberg article, and the deliberations are still at an early stage following Johnson & Johnson’s initial offer, according to sources close to the matter.
The company may also attract other suitors, such as Novartis AG and Sanofi, other sources said.
Read the Bloomberg story