That’s a good $26 billion. Overall, the deal corresponds to an operating value of $28.3 billion (€27 billion), including debt. Horizon supports the offer. Bloomberg news agency previously reported on a possible transaction.
It would be the biggest takeover ever for Amgen. The price is about 20 percent above Friday’s Horizon close of $97.29. The stock rose a good 14 percent in premarket US trading to $111.30. Amgen shares fell nearly 3 percent.
In the statement, it was stated that Horizon should accelerate the growth of Amgen. Greater efficiency is expected to save at least $500 million per year.
French pharmaceutical company Sanofi and US healthcare company Johnson & Johnson were also interested in acquiring the Dublin-based company. Sanofi withdrew from the weekend bidding race. Johnson & Johnson previously filmed.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
