Roche, Spark Again Extend $4.3 Billion Takeover Offer - FbiCables Network | The News that Shapes World Opinion

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Tuesday, September 03, 2019

Roche, Spark Again Extend $4.3 Billion Takeover Offer


FILE PHOTO: The logo of Swiss drugmaker Roche at its headquarters in Basel
FILE PHOTO: The logo of Swiss drugmaker Roche at its headquarters in Basel, Switzerland, February 1, 2018. REUTERS/Arnd Wiegmann/File Photo
September 3, 2019
ZURICH (Reuters) – Roche Holding <ROG.S> and Spark Therapeutics <ONCE.O> announced on Tuesday another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews continue.
The offer for Spark shares now runs to Oct. 1, Roche said.
Around 24.1% of Spark’s outstanding shares had been tendered as of the end of August.
“The offer was extended to provide additional time for the U.S. Federal Trade Commission (the ‘FTC’) and the UK Competition and Markets Authority (the ‘CMA’) to complete their previously disclosed reviews of Roche’s pending acquisition of Spark. The parties remain committed to the transaction and are working cooperatively and expeditiously with the FTC and the CMA,” a statement said.

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