Sanofi Has $5B in the Bank…
February 2, 2009 at 11:31 am EST | Tags: Gossip & Rumors, Mergers & Acquisitions
and they want to buy something with it. Not just
something, Sanofi is on
the hunt for acquisitions, particularly in emerging markets and
consumer health.
CEO Chris Viehbacher made an internal speech earlier today in which he stated:
“(we) generate 4 billion euros in cash every year and plan to use the money for acquisitions…we will not rule out a large transaction.”
Typical buyout rumors include in BMS, Biogen, Blah-Blah, etc…
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