Novartis plans Sandoz spin-off around Oct. 4, proposes share distribution | Business Information & News | Westlaw

Novartis plans Sandoz spin-off around Oct. 4, proposes share distribution | Business Information & News | Westlaw

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8/18/23 REUTERS 06:07:29
REUTERS
Copyright (c) 2023 Thomson Reuters
August 18, 2023
Novartis plans Sandoz spin-off around Oct. 4, proposes share distribution
Brenna Hughes Neghaiwi
Rachel More
Himani Sarkar
BERLIN (Reuters) - Novartis on Friday proposed to offer shareholders one Sandoz share for every five Novartis shares as it said it planned to spin off the generic medicines division on or around Oct. 4.
The Swiss drugmaker invited shareholders to an...
---- Index References ----
Company: Novartis Inc.; Novartis International Inc.
News Subject: (Equity Instruments (1EQ90); Funding Instruments (1FU41); Stock Markets (1ST45))
Industry: (Financial Services (1FI37); Generic Drugs (1GE93); Investment Management (1IN34); Pharmaceuticals (1PH33); Pharmaceuticals & Biotechnology (1PH13); Securities Investment (1SE57); Stocks (1EQ09))
Region: (Central Europe (1CE50); Europe (1EU83); Switzerland (1SW77); Western Europe (1WE41))
Language: EN
Other Indexing: (Novartis; Sandoz)
Keywords: ma; health; corpgov; capmarket
Word Count: 169
End of Document© 2024 Thomson Reuters. No claim to original U.S. Government Works.