Novartis May Sell Its $14 Billion Stake in Roche to Fuel Acquisitions

Source: Fortune

Tuesday, April 26, 2016 | Earnings & Financials , Novartis

It was built over a decade ago as a basis for a possible merger that never happened. Novartis is discussing options with banks for selling its near $14 billion stake in rival Roche, potentially providing cash for new deals, though a sale is not imminent, according to two people familiar with the situation.

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