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12:00 AM
Feb 21, 2011
 |  BC Week In Review  |  Company News  |  Deals

Genzyme, sanofi-aventis deal

sanofi-aventis will acquire Genzyme for $74 per share in cash, or about $20.1 billion, plus a contingent value right worth up to $14 based on milestones through 2020. The cash portion is a 48% premium to Genzyme's close of $49.86 on July 1, before rumors surfaced that sanofi was considering an acquisition of a U.S. biotech company, including Genzyme.

The pharma reiterated plans to make Genzyme its global center for excellence in rare...

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