 Home > Active Ingredient News > Drugs Articles > $20.7 billion!

$20.7 billion!

 Last Update: 2021-11-14
 Source: Internet
 Author: User

Tags

3 8 5 16

3 8 7 8

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

On November 4, Novartis announced that it had signed a $20.

Novartis and Roche are the world's top pharmaceutical giants, both headquartered in Basel, Switzerland, with office buildings only a few kilometers apart.

Today, Roche is repurchasing these shares for US$20.

Novartis CEO Vas Narasimhan said in a statement: "As a Roche shareholder for more than 20 years, we have concluded that now is the right time to monetize our investment

The return seems considerable: As early as 2001, Novartis spent US$2.

On the other hand, Roche plans to write off the repurchased shares after the debt financing transaction is completed

Therefore, the voting rights of the founding family consortium will increase to 67.

Twenty years ago, the unusual entanglement between the two pharmaceutical giants shocked investors, leading some analysts to predict that they might merge at some point

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

20.7 billion yuan!

10-04

Related Products

Reta 5mg 10mg 15mg Vial Weight Loss Anti-diabetes Fat Loss

CAS No.: 2381089-83-2

Pharmacy Grade

$110-130/UNIT FOB

Best price Pure Tirzepatide powder 10mg vial Tirzepatide CAS 2023788-19-2 ouda

CAS No.: 2023788-19-2

Pharmacy Grade

$40.00/G FOB

Hot Sale 1-Adamantanamine Hydrochloride /1-Adamantanamine HCl CAS 665-66-7

CAS No.: 665-66-7

Pharmacy Grade

$20-25/KG FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.

$20.7 billion!

Related Articles

20.7 billion yuan!