Johnson & Johnson accepts Shire’s Movetis deal
Posted on September 22, 2010 at 07:06 AM EDT
U.S. healthcare giant Johnson & Johnson (JNJ) has accepted cash offer for its 13.5% percent stake in Belgian drugmaker Movetis NV (EBR:MOVE), $569 million takeover from Shire PLC (SHP.LN). In August, Shire offered to buy Movetis for EUR19 a share to expand its gastrointestinal medicines unit. Johnson & Johnson owns a stake of about 13.5% in [...]
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