Sanofi-Aventis Seeks1 Billion Euro Eye-Care Acquisitions
From M&A Navigator (February 14, 2011)
French drug maker Sanofi-Aventis (EPA:SAN) is exploring the
possibility to make four acquisitions in the ophthalmology sector
for EUR1bn (USD1.35bn) in total, French daily Les Echos reported
today, citing unnamed sources.
The takeover price includes earn-out payments and will be paid over a three-year period.
According to the paper, three of the targeted companies are based in the United States, while the fourth one is from Israel.
A spokesman for Sanofi has refused to comment.
Country: , USA, Israel
Sector: Pharmaceuticals, Healthcare
Target: Four eye-care companies
Buyer: Sanofi-Aventis SA
Deal size in USD: 1.4bn
Type: Corporate acquisition
Status: Bidding
((Comments on this story may be sent to info@m2.com))
Posted: February 2011
