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Ablynx shares soar after rejects Novo Nordisk's $3.1 bln bid

Reuters  |  COPENHAGEN/BRUSSELS 

By Jacob Gronholt-Pedersen and Robert-Jan BartunekCOPENHAGEN/BRUSSELS (Reuters) - Denmark's Novo Nordisk, the world's biggest insulin maker, went public with a 2.6 billion euro ($3.1 billion) bid for Belgian biotech group Ablynx on Monday as it seeks a new source of growth by bolstering its treatments for rare blood disorders.Ablynx rejected Novo's latest takeover approach and analysts predict the Danish group, whose new chief executive is trying to expand by buying drugs developed by competitors, might face counterbidders and would need to raise its bid.Ablynx shares jumped 45 percent to ...

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First Published: Mon, January 08 2018. 21:26 IST
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