Sanofi Scoops Up Ablynx: Start Of A Buyout Spree? [Seeking Alpha]
Sanofi - American Depositary Shares (SNY)
US:NYSE Investor Relations:
sanofi.com/en/investors
Company Research
Source: Seeking Alpha
Sanofi Scoops Up Ablynx: Start Of A Buyout Spree?SummaryOn Jan. 29, Sanofi announced it would be acquiring Ablynx; the smaller biotech had previously rebuffed a lower offer from Novo Nordisk.Ablynx shareholders will be rewarded with a solid premium and Sanofi will be adding to its expanding blood disease segment.This is Sanofi’s second recent acquisition in the blood diseases in a short span; fueled by repatriated cash, its buying spree may not be at an end.
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