Roche Holding (QX) (USOTC:RHHBY)
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6 Months : From Jun 2019 to Dec 2019
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.
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(END) Dow Jones Newswires
July 31, 2019 01:33 ET (05:33 GMT)
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