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Deals Rumor Mill: Johnson & Johnson, WGL Holdings, Avaya

By Benjamin Horney (November 29, 2016, 2:16 PM EST) -- Johnson & Johnson has increased its offer to take over Swiss biotech Actelion after having been initially rejected last week, Reuters reported on Tuesday. According to the report, the U.S. health care giant had launched a proposal valued at about 25.5 billion Swiss francs ($25.15 billion) but was rejected and has now upsized the offer. Exactly how high the price tag was raised was not disclosed. The companies confirmed last week that they had held talks about a potential transaction, although no deal is guaranteed....

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