10/5/2010

Sanofi-Aventis has made a hostile offer to acquire Genzyme for $18.5 billion, or $69 per share, and the latter has urged shareholders to refrain from acting on the unsolicited bid. "Genzyme's refusal to take part in constructive discussions has led Sanofi-Aventis to put forward its offer directly to shareholders," Sanofi said.

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