Deals Rumor Mill: AstraZeneca, ICBC, Johnson & Johnson

Law360, New York (November 08, 2013, 3:53 PM ET) -- AstraZeneca may be looking to increase its stake in its diabetes joint venture with Bristol-Myers Squibb Co. following on the heels of Bristol’s announcement Thursday it would no longer conduct research to discover new drugs for diabetes, hepatitis C and neuroscience, a Citi analyst told Reuters. The analyst estimated Bristol’s diabetes business could be worth up to $600 billion, which would bolster AstraZeneca’s per share earnings by between 1 and 5 percent.

South African lender Standard Bank is reportedly in talks to ditch its controlling stake in its...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers