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SNY Sanofi

48.82
-0.19 (-0.39%)
After Hours
Last Updated: 21:00:13
Delayed by 15 minutes
Name Symbol Market Type
Sanofi NASDAQ:SNY NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.19 -0.39% 48.82 48.71 49.43 49.10 48.71 49.00 1,963,591 21:00:13

Sanofi Makes Offer for Medivation in $9.3 Billion Deal

28/04/2016 8:00am

Dow Jones News


Sanofi (NASDAQ:SNY)
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By Nick Kostov 

PARIS--Sanofi SA on Thursday said it has made an all-cash offer to acquire Medivation Inc. in a deal valued at $9.3 billion, the French drugmaker's latest effort to expand its cancer-treatment business.

Sanofi said it would pay $52.50 a Medivation share, a premium of over 50% to Medivation's average share price for the two months before speculation of a takeover surfaced.

Write to Nick Kostov at Nick.Kostov@wsj.com

 

(END) Dow Jones Newswires

April 28, 2016 02:45 ET (06:45 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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