trending Market Intelligence /marketintelligence/en/news-insights/trending/JOVq4W5d71JOTXzYrKR0JA2 content esgSubNav
In This List

European Commission approves Johnson & Johnson's acquisition of Actelion

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Perspectives from China: Chinese M&A in 2022


European Commission approves Johnson & Johnson's acquisition of Actelion

The European Commission approved Johnson & Johnson's acquisition of Actelion Ltd., marking the completion of all necessary approvals for the completion of the merger.

The transaction, which values each Actelion share at $280 apiece, is expected to be settled June 16.

As part of the transaction, Actelion will spin out its drug discovery operations and early stage clinical development assets into Idorsia Ltd. — a newly created Swiss biopharmaceutical company that will be listed on the SIX Swiss Exchange.

A Johnson & Johnson subsidiary will initially hold 9.9% of Idorsia, which can potentially increase up to 32% through a convertible note.