1034 GMT - Lonza's valuation of its capsule business looks "modestly disappointing," RBC Capital Markets' Charles Weston writes in a note to clients. The Swiss healthcare-business manufacturer said late Friday that it will offload a majority stake in its capsule and health-ingredient division to investment firm Lone Star Funds in a deal that values the business at 2.3 billion Swiss francs. That looks a little under what analysts and investors might have expected, Weston says. "This could be somewhat offset by positive sentiment around the buyback and future optionality for greater proceeds in the future and M&A deployment. RBC has an outperform rating and 670 franc target on Lonza stock; shares lose 2.1% to 493.3 francs. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
March 09, 2026 06:34 ET (10:34 GMT)
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