Johnson & Johnson (JNJ) has increased its offer for Actelion Ltd. (ALIOY) after the Swiss company rejected an initial proposal, Bloomberg News reported Friday, citing people with knowledge of the matter.

The bid was raised to more than $250 a share from about $246 a share, Bloomberg reported.

Full story at https://www.bloomberg.com/news/articles/2016-12-02/j-j-s-increased-offer-for-actelion-said-to-be-north-of-250-shr

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

December 02, 2016 19:24 ET (00:24 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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