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Billion-dollar acquisition of Sobi fails

Private equity funds Advent and Aurora failed to achieve the needed support by investors in Sobi before the final and decisive deadline and will therefore not be acquiring the pharmaceutical firm.

Photo: John Ambrose / Sobi / PR

They came very close, but stumbled before the finish line.

Private equity funds Advent and Aurora are taking stock after the deadline has come and gone for accepting Swedish pharmaceutical firm Sobi's acquisition offer.

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