Sanofi Starts Tender Offer For Outstanding Chattem Shares

Date : 01/11/2010 @ 1:50AM
Source : Dow Jones News
Stock : Chattem, Inc. (MM) (CHTT)
Quote : 93.49  0.0 (0.00%) @ 2:05AM

Sanofi Starts Tender Offer For Outstanding Chattem Shares

Sanofi-Aventis (NYSE:SNY)
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French drug company Sanofi-Aventis SA (SNY) Monday said it is commencing the tender offer for all outstanding shares in Chattem, Inc (CHTT).

MAIN FACTS:

- The tender offer through Sanofi-Aventis' wholly-owned subsidiary, River Acquisition Corp., for all outstanding shares of common stock of Chattem, Inc. is for $93.50 a share, net to the seller in cash, without interest and less any required withholding taxes.

- The tender offer follows the previously announced Agreement and Plan of Merger, dated December 20, 2009.

- The tender offer is scheduled to expire at 1200 midnight, New York City time, on February 8, 2010, unless the tender offer is extended.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; djnews.paris@dowjones.com

 
 



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