Genzyme/Sanofi-Aventis
On February 16 2011, Genzyme Corporation (Nasdaq: GENZ) confirmed a definitive agreement to be acquired by Sanofi-aventis (NYSE: SNY) for $74.00 per share in cash, or approximately $20.1 billion, plus one Contingent Value Right.
The Contingent Value Right entitling the holder to receive additional cash payments if specified milestones related to Lemtrada™ are achieved over time or a milestone related to production volumes in 2011 for Cerezyme® and Fabrazyme® is achieved. The CVR will be publicly traded.
The transaction is expected to close early in the second quarter of 2011.
Evercore Partners and J.P. Morgan served as sanofi-aventis' lead financial advisors on the transaction, and Weil, Gotshal & Manges LLP served as its legal counsel. Credit Suisse and Goldman Sachs served as financial advisors to Genzyme. Ropes & Gray LLP served as Genzyme's legal counsel, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Genzyme's independent directors.
The Contingent Value Right entitling the holder to receive additional cash payments if specified milestones related to Lemtrada™ are achieved over time or a milestone related to production volumes in 2011 for Cerezyme® and Fabrazyme® is achieved. The CVR will be publicly traded.
The transaction is expected to close early in the second quarter of 2011.
Evercore Partners and J.P. Morgan served as sanofi-aventis' lead financial advisors on the transaction, and Weil, Gotshal & Manges LLP served as its legal counsel. Credit Suisse and Goldman Sachs served as financial advisors to Genzyme. Ropes & Gray LLP served as Genzyme's legal counsel, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Genzyme's independent directors.
View Older Stories
-
FDA approves Nexviazyme® (avalglucosidase alfa-ngpt), an important new treatment option for late-onset Pompe disease
-
Sales growth accelerated - Full-year guidance raised
-
European Commission approves Aubagio® (teriflunomide) as the first oral MS therapy for first-line treatment of children and adolescents living with relapsing-remitting multiple sclerosis
-
Sanofi poursuit sa trajectoire de croissance. Forte hausse du BNPA des activités(1) au T1 2021 à TCC
-
T4 2020: Croissance du BNPA des activités(1) de près de 10% à TCC
-
Sanofi Q3 2020 business EPS(1) growth of 8.8% at CER
-
Sanofi Genzyme continues research to improve the lives of patients with multiple sclerosis, with new data presented at MSVirtual2020
-
Sanofi H1 2020 business EPS(1) growth of 9.2%(2) driven by transformation
-
Sanofi H1 2020 business EPS(1) growth of 9.2%(2) driven by transformation
-
Sobi and Sanofi Donate up to 500 Million Additional IUs of Clotting Factor to WFH Humanitarian Aid Program
-
Sanofi and Sobi donate up to 500 million additional IUs of clotting factor to WFH Humanitarian Aid Program
-
Sanofi names new leaders to Executive Committee
-
Sanofi at forefront of fight against COVID-19 in Q1 2020
-
Sanofi at forefront of fight against COVID-19 in Q1 2020
-
Sanofi to present Phase 2 detailed results of its brain-penetrant BTK inhibitor in relapsing multiple sclerosis
-
Sanofi delivers strong 2019 business EPS growth of 6.8% at CER
-
Sanofi delivers strong 2019 business EPS growth of 6.8% at CER
-
Sanofi delivers strong 2019 business EPS growth of 6.8% at CER
-
Sanofi Q3 well on track
-
Sanofi Q3 well on track
-
Sanofi delivered solid growth in Q2 2019
-
Sanofi delivered solid growth in Q2 2019
-
Sanofi delivers strong Q1 2019 business EPS growth of 9.4% at CER
-
Sanofi delivers strong Q1 2019 business EPS growth of 9.4% at CER
-
Sanofi delivers 2018 business EPS growth of 5.1% at CER
-
Sanofi delivers 2018 business EPS growth of 5.1% at CER
-
FDA approves Cablivi® (caplacizumab-yhdp), the first Nanobody®-based medicine, for adults with acquired thrombotic thrombocytopenic purpura (aTTP)
-
Sanofi: FDA approves Cablivi® (caplacizumab-yhdp), the first Nanobody®-based medicine, for adults with acquired thrombotic thrombocytopenic purpura (aTTP)
-
Sanofi Q3 2018 Performance Confirms Return to Growth
-
Sanofi Q3 2018 Performance Confirms Return to Growth
-
Sanofi: FDA approves asthma indication for Dupixent® (dupilumab)
-
FDA approves asthsma indication for Dupixent® (dupilumab)
-
Sanofi : FDA approves Libtayo® (cemiplimab) as first and only treatment for advanced cutaneous squamous cell carcinoma
-
Sanofi to refocus two global business units
-
Cablivi™ (caplacizumab) approved in Europe for adults with acquired thrombotic thrombocytopenic purpura (aTTP)
-
Q2 2018 Performance Positions Sanofi for New Growth Phase
-
Sanofi: Q2 2018 Performance Positions Sanofi for New Growth Phase
-
Sanofi: CHMP recommends approval of Cablivi(TM) (caplacizumab)
-
Sanofi: First-quarter 2018 Business EPS up 1.4% at CER
-
Sanofi: First-quarter 2018 Business EPS(1) up 1.4% at CER
-
Sanofi Delivers 2017 Business EPS in line with Guidance
-
Sanofi Delivers 2017 Business EPS(1) in line with Guidance
-
Sanofi and Alnylam enter into strategic restructuring of RNAi therapeutics rare disease alliance
-
Sanofi and Alnylam submit Marketing Authorization Application to the European Medicines Agency for patisiran for the treatment of hereditary ATTR amyloidosis
-
Sanofi (SNY) and Alnylam (ALNY) Announce FDA Lifted Clinical hold on Fitusiran
-
Sanofi: FDA lifts clinical hold on fitusiran
-
Sanofi explores combination treatments for multiple myeloma in new late-stage trials
-
Sanofi, Principia agree to develop multiple sclerosis drug candidate
-
Sanofi and Alnylam present positive complete results from APOLLO Phase 3 study of investigational patisiran in hereditary ATTR (hATTR) amyloidosis patients with polyneuropathy
-
Sanofi: Q3 2017 Business EPS up 1.1% at CER FY 2017 Guidance Confirmed

