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Novartis Seeks Bolt-On Deals to Strengthen 3 Main Businesses 2014-01-13 17:47:58.366 GMT
By Albertina Torsoli and Catherine Larkin Jan. 13 (Bloomberg) -- Novartis CEO Joe Jimenez defines bolt-ons as deals up to $5b in Q&A session at JPMorgan health conf. in S.F. * Doesn’t see big, transformative deals as necessary * NVS may consider alternative structures in business review * CEO declined to comment further on portfolio review * CEO “not happy” with level of income margins, predicts pressure on costs to increase margins * NOTE: Earlier, Novartis CEO Says Portfolio Review Is Ongoing
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To contact the editor responsible for this story: Catherine Larkin at +1-312-443-5968 or clarkin4@bloomberg.net