Crucell (CRXL)

[surf1944]

1:52AM Crucell N.V. and Johnson & Johnson in advanced negotiations for an all cash public offer of EUR24.75 per ordinary share of Crucell (CRXL) 20.54 : Cos announce that they are in advanced negotiations for a potential public offer by Johnson & Johnson or an affiliate for all outstanding ordinary shares of CRXL not already held by JNJ which currently holds ~17.9% of the outstanding shares of CRXL. Under the terms of the negotiations JNJ would acquire all outstanding equity of CRXL that it does not already own for approximately EUR1.75 bln, which represents a purchase price of EUR24.75/share. The public offer would be an all cash transaction.