Sanofi: launches a takeover bid on Synthorx
(CercleFinance.com) - Sanofi announced its intention to launch a takeover bid on all of the shares of Synthrox, at a unit price of 68 dollars ex interest and net of any withholding tax.
The bid, part of the merger plan from 7 December, expires one minute after 23.59 New York Time on Wednesday 22 January 2020, unless extended in line with the provisions of the merger agreement and SEC rules. The closure of the bid is subject to various conditions, including the tendering of the majority of Synthorx ordinary shares in circulation, the expiry of the cool-off period provided for by antitrust laws and other standard conditions.
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