Baxalta in Talks to Buy Ariad -Bloomberg
August 28 2015 - 3:42PM
Dow Jones News
Baxalta Inc. (BXLT), which has received an unsolicited $30.6
billion takeover bid from Shire PLC (SHPG, SHP.LN), is in talks to
buy Ariad Pharmaceuticals Inc. (ARIA), Bloomberg News reported
Friday, citing people with knowledge of the matter.
Ariad shares recently traded up 42% to $9.93.
The Bloomberg report said there is no certainty of a deal and
that Baxalta may pursue other targets.
Full story at
http://www.bloomberg.com/news/articles/2015-08-28/baxalta-said-in-talks-to-buy-drugmaker-to-bolster-independence
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(END) Dow Jones Newswires
August 28, 2015 15:27 ET (19:27 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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