AstraZeneca could buy Actelion: Citi

|About: AstraZeneca Group plc (AZN)|By:, SA News Editor

AstraZeneca (AZN) may be interested in buying Actelion (ALIOF), Citi says, in a note that sent shares of the Swiss biotech surging in overseas trade.

Here's the actual quote (via Reuters): "Creative corporate finance
... coupled with 'long runway' acquisitions such as Actelion could provide a useful bridge to organically fueled growth."

Citi thinks the deal would boost operating profits by double-digits for AZN.