By Kim Richters
Roche Holding AG said Monday that it has extended the offer period for its planned takeover of biotechnology company Spark Therapeutics Inc. to Dec. 16.
Roche said the offer was extended to provide additional time for the U.S. Federal Trade Commission and the U.K. Competition and Markets Authority to complete their reviews of the pending acquisition.
The period for Roche’s /zigman2/quotes/206324342/delayed CH:ROG -0.24% offer of $114.50 per share has been extended several times and was set to expire on Dec. 10.
As of Dec. 6, around 14.9% of Spark’s /zigman2/quotes/200464619/composite ONCE +2.55% outstanding shares had been tendered, according to Roche.