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Actionable news in BIIB: Biogen Idec Inc.,

Biogen not pursuing a sale: source

U.S. biotechnology company Biogen Inc (BIIB.O) has not received any formal expressions of interest from potential acquirers and is not actively soliciting takeover offers, according to a person familiar with the matter.

While some of Biogen's peers have approached individual board directors of the company over time, nothing has been presented to Biogen's board for consideration recently, the person said on Wednesday.

One reason that no formal offer has materialized is that Biogen values its portfolio of neurology drugs highly, and would expect any proposal to come with a significant premium, the person added.

The Wall Street Journal reported on Tuesday, citing sources, that Allergan Plc (AGN.N) and Merck & Co Inc (MRK.N) had sounded out Biogen on the possibility of a takeover. Merck expressed more of an interest in...


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