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Archive for September 1st, 2010
Genzyme has rejected an $18.5bn takeover big by France’s Sanofi-Aventis as it announced that the offer undervalued the Massachusetts-based drugmaker. According to Genzyme, it is said that it would not negotiate with Sanofi at such an unrealistic starting price.
The $69-per-share offer is at a 38% premium to Genzyme’s share price when takeover speculation began on [...]
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