Amgen a Possible Bidder?
A 'Hostile' Reaction? Genzyme Rebuffs Sanofi Offer, Officially
By Jennifer Boggs
Tuesday, August 31, 2010
It's about time. A month of rampant speculation fueled by a flurry of media reports citing unnamed sources finally culminated in Genzyme Corp.'s publicly acknowledged receipt of a $69-per-share buyout bid from Sanofi-Aventis SA, and the big biotech wasted no time rejecting the roughly $18.5 billion offer as too low. (BioWorld Today)
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