Actavis withdrawn from sale

22 April 2009

Icelandic generics firm Actavis has been withdrawn from sale by its owner Bjorgolfur Bjogolfsson. The company was put up for acquisition in  January (Marketletters passim) in the wake of the Icelandic banking  crisis, expecting to fetch 5.0 billion euros ($6.46 billion). However,  no offers at that level have been made

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