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Biogen draws takeover interest from Merck, Allergan: WSJ

Allergan ticker info and symbol are displayed on a screen on the floor of the New York Stock Exchange (NYSE) April 6, 2016.

Biotechnology company Biogen Inc (BIIB.O) has drawn takeover interest from drug companies including Merck & Co Inc (MRK.N) and Allergan Plc (AGN.N), The Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The talks were informal and preliminary, the Journal said, adding they may might not result in a deal, in part because Biogen may not be interested.

Allergan was unlikely to pursue the deal, CNBC said, citing a source.

Biogen shares closed up 9.4 percent at $330.11 on Tuesday...


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