Recordati hit with €10.7B tender offer

CVC Capital Partners and Groupe Bruxelles Lambert have launched a voluntary total English tender offer for Italian pharma company Recordati worth about €10.7 billion, roughly €51.29 per share, aiming to take the company private and delist it from the Italian stock exchange.

Sobi (Swedish Orphan Biovitrum) has announced positive Phase 3 results for its investigational gout drug, which had been licensed in a deal with Arthrosi Therapeutics; the data show brisk, sustained uric‑acid–lowering effects and an acceptable safety profile, supporting further development of the therapy.

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Recordati gets €10.9bn takeover bid from private equity firm

CVC, GBL Make €10.7B Takeover Bid for Italy's Recordati