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SNY Sanofi

48.805
-0.205 (-0.42%)
Last Updated: 20:04:55
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
  -0.205 -0.42% 48.805 48.80 48.81 49.10 48.71 49.00 1,553,408 20:04:55

Sanofi Nears Deal to Buy Hemophilia Drugmaker Bioverativ for More Than $11.5 Billion

22/01/2018 1:49am

Dow Jones News


Sanofi (NASDAQ:SNY)
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By Dana Mattioli and Jonathan D. Rockoff 

Sanofi SA is nearing a deal to buy hemophilia drugmaker Bioverativ Inc. for more than $11.5 billion as the French drugmaker looks set to clinch a big deal while it braces for generic competition for its top-selling product.

A deal, which could be announced as soon as Monday, would value the former Biogen Inc. unit at $105 a share, according to people familiar with the matter. The price would represent a 63% premium to where Bioverativ closed trading Friday. It is possible the talks could fall apart before a deal is reached.

(More to come)

 

(END) Dow Jones Newswires

January 21, 2018 20:34 ET (01:34 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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