Update: French Government Says Eli Lilly Made No Contact Regarding Abivax Takeover
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The French finance ministry stated that Eli Lilly has not contacted them regarding a potential acquisition of Abivax, which is required under local investment screening rules. Abivax shares rose nearly 32% following reports of a possible €15 billion takeover offer from Eli Lilly. Before making a formal offer, Lilly is awaiting confirmation from the finance ministry on whether the takeover would be subject to foreign investment controls.
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