Billion dollar buy adds Albireo to Ipsen's list of strategic takeovers

9 January 2023

French pharma firm Ipsen (Euronext: IPN) is to acquire the liver disease specialist Albireo (Nasdaq: ALBO), a company focused on the therapeutic potential of bile-acid modulators.

Shares in the American firm jumped nearly 90% following the announcement, which will see Ipsen buy all outstanding shares for $42 each.

It is anticipated the transaction will close by the end of March 2023.

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