Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, February 9, 2011

Sanofi CEO says Genzyme offer may be extended-paper, (SASY), (NASDAQ: GENZ)

Sanofi Aventis (SASY.PA) Chief Executive Chris Viehbacher said in an interview that the French pharmaceuticals group's offer for Genzyme (GENZ.O) could be extended for a third time, beyond the Feb. 15 deadline. Asked by La Tribune newspaper about the deadline, Viehbacher said: "It is a possibility, there are no limits on takeover offers in the United States." He added: "It is normal to spend time on an operation of $18.5 billion." Viehbacher's interview is to be published in La Tribune business newspaper on Thursday and was made available late on Wednesday.

Source