J&J to buy Actelion for $30 billion

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  • Copyright Reuters 2017

    (Copyright Reuters 2017)

  • Copyright Reuters 2017

    (Copyright Reuters 2017)

Swiss biotech company Actelion said on Thursday it had agreed to be purchased by Johnson & Johnson in a $30 billion deal.

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The all-cash offer, to acquire all of the outstanding shares of Actelion for $280 per share, payable in U.S. dollars, was unanimously approved by the Boards of Directors of both companies, Actelion and Johnson & Johnson said in a joint statement.

(Reporting by John Revill)