Novartis Sells Shares Back to Roche for $20.7 Billion - NewsBreak

For the past 20 years, Novartis has held a 33% stake in Roche, its Basel, Switzerland neighbor. Now, Novartis has divested its one-third stake to Roche for a whopping $20.7 billion. In a brief announcement this morning, Novartis said it agreed to sell 53.3 million Roche bearer shares in...