Germany's Schwarz Pharma is in talks to be taken over by Belgian drugmaker UCB.
"Schwarz Pharma AG is in negotiations with UCB S.A., Brussels concerning a business combination of both companies by an offer to all shareholders of Schwarz Pharma AG," it said in a statement.
"A finalisation of these talks is expected in near-term."
Talk of the mystery buyer being Pfizer has now receded.
UPDATE: The FT reports the sale costing 4.4 billion Euros.
1 comment:
Pfizer are in negotiations to buy Schwarz aswell.
http://orange.advfn.com/news_Pfizer-in-talks-to-acquire-Schwarz-Pharma-sources_16949876.html
Maybe Pfizer will say to UCB "I'm gonna but yo ass too bitch!". Lets see
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