UPDATE 2-Roche faces further delay in $4.3 bln Spark deal amid FTC review [Reuters]
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Source: Reuters
Roche faces further delay in $4.3 billion Spark deal amid FTC review - Reuters 2 Min Read ZURICH (Reuters) - Roche on Friday announced another extension of its $4.3 billion offer for gene therapy specialist Spark Therapeutics, this time until June 3, saying a review by U.S. authorities is taking longer than originally expected. The Swiss drugmaker said all terms and conditions will remain unchanged during the extended period. Roche earlier this month had extended its offer until May 2, but said the Federal Trade Commission (FTC) needed even more time to complete its review. “The review of the transaction is ongoing, and the parties are actively working with the government to facilitate that process,” Roche said. “In order to provide the government with additional time to complete its current review, Roche has elected to withdraw and refile the premerger notification and report form.” A Roche spokeswoman said the company still expects the deal to be completed in the first half of 2019.
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