Sanofi-Aventis extends offer to acquire Zentiva

1 December 2008

French drug major Sanofi-Aventis has extended its offer to acquire Czech generic drugmaker Zentiva until February 20, 2009. The Czech National Bank has authorized the delay as the European Commission has not yet cleared the deal. The approval is expected to go through before the new deadline. Zentiva's board approved the deal two months ago (Marketletter September 29).

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Chairman, Sanofi Aventis UK



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