Comment on Sanofi launches hostile $18.5 billion bid for Genzyme

Sanofi launches hostile $18.5 billion bid for Genzyme

PARIS (Reuters) - French drugmaker Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share on Monday, taking its $18.5 billion offer direct to shareholders after Genzyme management refused to negotiate.

 

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