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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

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Posted: February 2011