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Takeover Price for Lek is Good, says Novartis

Ljubljana, 29 August - The price Novartis has offered in its intent for the takeover of Lek is good, as it is 73 percent higher than its average price in 2002, and 40 percent higher than the share value on 22 August, said Thursday head of Novartis Generics Christian Seiwald. The offer is based on long-term analyses, and the profit for shareholders is high if compared to similar takeovers, noted the official of this Swiss giant.

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