Jumat, 22 April 2016

Betaville

Betaville

Another non-denial, denial

Posted: 22 Apr 2016 12:29 AM PDT

Today's wire reports out of Switzerland made me chuckle.

Apparently, Jean-Paul Clozel, chief executive of Actelion, told Reuters that "there's been absolutely no offer" to takeover the company.

Meanwhile, Bloomberg said "Actelion isn't fending off any takeover approaches, days after a media report cited the drugmaker as possible target for Sanofi or Johnson & Johnson."

I'm presuming Bloomberg is referring to my comments on Tip TV earlier this week. Here is the link:

http://www.tiptv.co.uk/finance/ma-outlook-exxon-mobil-abandoning-bp-takeover-deal/

However, if you listen carefully to the audio I never actually said Johnson & Johnson and/or Sanofi had submitted an actual "approach" or "offer" for Actelion...
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