Advent, Singapore's GIC withdraw $8b bid for Swedish drugmaker Sobi

Advent, Singapore's GIC withdraw $8b bid for Swedish drugmaker Sobi

REUTERS/Anshuman Daga

U.S. private equity firm Advent International and Singapore’s sovereign wealth fund on Friday said they are withdrawing their bid for Swedish drugmaker Orphan Biovitrum (Sobi), citing a low acceptance level.