Swedish drugmaker SOBI agrees $8b takeover bid from Advent, Singapore's GIC

Swedish drugmaker SOBI agrees $8b takeover bid from Advent, Singapore's GIC

Photo: SOBI

Swedish drugmaker Orphan Biovitrum (SOBI) has agreed an $8 billion takeover by U.S. private equity firm Advent International and Singapore’s sovereign wealth fund, boosting its shares on speculation of a higher offer.

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