Samsung BioLogics says report on Biogen deal talks untrue.
Samsung BioLogics says report on Biogen deal talks untrue.
Samsung BioLogics on Thursday denied a media report that said the South Korean firm was in talks to buy U.S.
drugmaker Biogen Inc.
Korea Economic Daily reported on Wednesday, citing investment banking sources, that Biogen had approached Samsung to buy its shares, which could be valued at more than $42 billion.
Biogen is valued at $34.67 billion, according to Refinitiv data.
To stay up to date with latest top stories, make sure to subscribe to this YouTube channel by clicking the button above this video!
Samsung BioLogics, the biotech unit of Samsung Group, said in a regulatory filing that the report was "not true," without giving any more details.
Biogen said it does not comment on market rumors or speculation.
Its stock closed up 9.5% on Wednesday.
Any such deal would be the biggest overseas acquisition ever by a South Korean company.
The largest so far was in 2016, when Samsung Electronics bought auto electronics maker Harman International Industries in an $8 billion deal.
-
0:55
Big Dog Report
2 years agoBig Dog Report Says Thank You
544 -
1:24
Reuters
2 years agoChina says U.S. COVID origin report is unscientific
26512 -
2:41
WPTV
3 years agoCommissioner Melissa McKinlay talks 60 Minutes report
100 -
0:47
Just the News
3 years agoTom Fitton talks Durham report
11.4K28 -
1:05
New York Post
2 years agoAssembly report says Cuomo is a sex harasser who misused resources
1.98K42 -
4:27
WPTV
3 years agoVice Mayor Robert Weinroth talks 60 Minutes report
63 -
1:45:53
Robert Gouveia
17 hours agoTrump Offers to SAVE Biden! Donors THREATEN Campaign; BRUTAL Report DESTROYS Joe
127K134 -
1:21:11
Russell Brand
18 hours ago‘THE US IS FALLING APART’ - EXCLUSIVE Colonel Douglas MacGregor Interview (and UK Elections) - 401
316K509 -
51:33
Ben Shapiro
16 hours agoEp. 1998 - Is TONIGHT The Night Biden Drops Out?
158K99 -
19:25
Neil
16 hours agoAs Everyone's Distracted With The NEW UK GOVERNMENT... (A LOT's About To Change...)
102K20