Sanofi-Aventis Secures Control Of Genzyme With Tender Offer
April 04 2011 - 1:52AM
Dow Jones News
French pharmaceutical Sanofi-Aventis SA (SAN.FR) Monday said it
secured control of U.S. biotech firm Genzyme Corp. (GENZ) after a
tender offer that expired on Friday.
Sanofi-Aventis has secured about 84.6% of Genzyme's outstanding
shares and about 77% of the shares in a fully diluted basis.
The French company announced a new tender offer starting Monday
and ending Thursday at 6 p.m. New York time to give remaining
Genzyme shareholders the opportunity to tender their shares.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
inti.landauro@dowjones.com
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