Roche Extends Offer Period for Spark Therapeutics

Date : 07/31/2019 @ 5:48AM
Source : Dow Jones News
Stock : Roche Holding (QX) (RHHBY)
Quote : 37.53  0.0 (0.00%) @ 1:47PM

Roche Extends Offer Period for Spark Therapeutics

Roche Holding (QX) (USOTC:RHHBY)
Historical Stock Chart

6 Months : From May 2019 to Nov 2019

Click Here for more Roche Holding (QX) Charts.
   By Patrick Costello 
 

Roche Holding AG (RO.EB) said Wednesday that it has extended the offer period for its planned acquisition of the Philadelphia-based biotechnology company Spark Therapeutics Inc. (ONCE) to Sept. 3.

The Swiss pharmaceuticals company said the offer has been extended to provide additional time for the U.S. Federal Trade Commission and the U.K. Competition and Markets Authority to complete their review of Roche's pending acquisition of the company.

Roche said both parties remain committed to the deal and are working cooperatively with the FTC and CMA.

Roche's offer of $114.50 a share for all shares of Spark has been extended multiple times since it was announced in February and was set to expire Wednesday, July 31.

As of July 30, shareholders representing roughly 25.2% of Spark's outstanding shares had accepted Roche's offer, it added.

 

Write to Patrick Costello at patrick.costello@dowjones.com.

 

(END) Dow Jones Newswires

July 31, 2019 01:33 ET (05:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest RHHBY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.