Sanofi-Aventis Buys Chattem for $1.9 Billion
December 22, 2009
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Paris-based Sanofi Aventis (SNY) said it will acquire Chattem (CHTT) in 2010 for $1.9 billion in cash, an acquisition expected to create the world’s fifth-largest health-care company. Chattem shares shot up, reflecting the premium offered in the $93.50-a-share deal. -Stock Article Link
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