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Aventis appeals over Sanofi bid decision.

Publication: Pharma Marketletter
Publication Date: 01-MAR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The takeover struggle between Sanofi-Synthelabo and Aventis has been shifted into the law courts. Aventis has filed an appeal contesting the decision of the French financial markets authority, the AMF, over the acceptability of the original hostile takeover bid by Sanofi (Marketletters passim). The aim of Aventis behind the legal arguments, which have started in the Court of Appeal in Paris, is to have the AMF decision...

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