Swiss pharmaceutical company Vifor Pharma’s shares soared 15% on Dec. 2 following a report in The Australian newspaper that Melbourne-based biotechnology group CSL was in talks regarding a possible takeover worth $7 billion.
- Zurich-based Vifor specialises in treatments for iron deficiencies, while $99 billion CSL develops biotherapies and influenza vaccines.
- CSL and Vifor both said on Dec. 2 they do not speculate on market rumours.
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for this reason AUD is down when you have this size of transaction $7 billion will effect the value of currency ,even if it speculation .
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