first_img whatsapp Tags: NULL KCS-content Sanofi could raise Genzyme bid if firms open negotiations Show Comments ▼ Sharecenter_img Sunday 5 September 2010 10:30 pm FRENCH pharmaceuticals giant Sanofi-Aventis would be prepared to moderately raise its $69-per-share (£44.7) offer for Genzyme if the US biotech firm agreed to enter negotiations, it emerged yesterday.It is understood that the Sanofi board has agreed that in principle the offer could be raised, but is waiting on a signal from Genzyme that the company is prepared to come to the negotiating table.The news comes after Genzyme last week rejected an all-cash $18.5bn offer from Sanofi.The US firm’s chief executive Henri Termeer said he did not believe it likely that the situation would turn hostile, but added that “a deal will only get done when the strategic value of the company is properly recognised”.Analysts believe that a sweetened offer of around $75-$78 per share would be favourably looked upon by the Genzyme board.Genzyme’s appeal lies in the growth potential of its drugs treating rare genetic diseases and a pipeline of new treatments, including one for multiple sclerosis. However, the complexity of the deal and the firm’s manufacturing problems mean negotiations could drag on. whatsapp More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndolast_img