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SNY Sanofi

49.38
-0.08 (-0.16%)
Pre Market
Last Updated: 12:09:55
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
  -0.08 -0.16% 49.38 49.42 49.45 1,599 12:09:55

Sanofi to Launch Tender Offer for Principia Acquisition

28/08/2020 6:44am

Dow Jones News


Sanofi (NASDAQ:SNY)
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By Mauro Orru

 

Sanofi SA said Friday that it intends to start a tender offer for the acquisition of U.S.-based biopharmaceutical company Principia Biopharma Inc.

The French pharmaceutical company said the offer to buy Principia in a deal that values the developer of a promising multiple sclerosis treatment at $3.68 billion is set to expire on Sept. 25.

Sanofi agreed to buy the U.S. company earlier in August.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

August 28, 2020 01:29 ET (05:29 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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