Sanofi-Aventis opens $2B bid for Zentiva
Sanofi-Aventis Europe, a division of the French drug major, has opened an offer to acquire all issued ordinary shares, including those held in the form of GDSs, of Czech generics company Zentiva for 40.04 billion koruna ($2.67 billion).
This equates to 1,050 koruna per share, a 14.6 % premium over the April 30 closing price of 916.60 koruna. The previous announcement of the bid (Marketletter June 23) eclipsed an offer of 950 koruna per share by Dutch conglomerate PPF through its subsidiary Anthiarose.
Offer open to September 19
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