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Novartis Unwinds Roche Ties With $20.7 Billion Stake Sale.
- Source :
- Bloomberg.com; 11/4/2021, p1-1, 1p
- Publication Year :
- 2021
-
Abstract
- For Novartis, the deal was attractive because Roche was willing to buy back the whole stake in a single transaction, allowing a clean exit, spokesman Jarvis said. Novartis owns 33% of Roche's voting shares, and Novartis has made a 10% annual gain on them over the past two decades. [Extracted from the article]
- Subjects :
- CAPITAL gains
STOCK repurchasing
STOCK prices
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 153425355