Sanofi-Aventis May Prolong Offer For US Genzyme
Sanofi-Aventis’ offer for biotech firm Genzyme ends this Friday. The deadline is likely to be extended once again and the offer may see an increase towards USD80 per share.
This Friday is the deadline of Sanofi-Aventis’s USD69 (EUR51.19) per share offer for US biotech firm Genzyme. However, according to sources in the know, the deadline is expected to be changed once again, Reuters said.
In spite of the revision of the deadline, the two companies have advanced their negotiations for this offer in direct talks and the steps they are making forward are considerable, as news agency reported.
The offer evaluating Genzyme at USD18.5bn ends this Friday. Sanofi-Aventis already extended its proposal in December when it had secured a mere 1% of the US company stock.
An extension is seen as a formality to enable the possible
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