Sanofi to Launch Tender Offer for Principia Acquisition
August 28 2020 - 1:44AM
Dow Jones News
By Mauro Orru
Sanofi SA said Friday that it intends to start a tender offer
for the acquisition of U.S.-based biopharmaceutical company
Principia Biopharma Inc.
The French pharmaceutical company said the offer to buy
Principia in a deal that values the developer of a promising
multiple sclerosis treatment at $3.68 billion is set to expire on
Sept. 25.
Sanofi agreed to buy the U.S. company earlier in August.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
August 28, 2020 01:29 ET (05:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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