EC delays decision on Sanofi/Zentiva merger
The European Commission has delayed its decision on whether to clear French drug major Sanofi-Aventis' 1.8 billion-euro ($2.4 billion) takeover of Czech generic drugmaker Zentiva.
The EC extended by 10 days the review period for the deal due to commitments which it would not disclose. The new deadline for a decision is February 4.
Last year, the French drug major improved a previous offer and Zentiva's board recommended shareholders to accept it (Marketletter September 29, 2008).
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