Tags: Sanofi | Chattem

Sanofi-Aventis to Buy Chattem for $1.9 Billion

Monday, 21 Dec 2009 07:35 AM

French drug maker Sanofi-Aventis SA says it has agreed to buy US healthcare company Chattem Inc. for about $1.9 billion in cash in a a deal it said would create the world's fifth-largest consumer healthcare company.

Paris-based Sanofi-Aventis says it will offer $93.50 per share to acquire 100 percent of Chattem, a Chattanooga, Tennessee based maker of consumer healthcare products such as Gold Bond skin care creams and Icy Hot pain relief medecine.

In a statement Monday, Sanofi-Aventis said it will launch its public tender offer for Chattem in January, and it expects to complete the acquisition in the first quarter of 2010.

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French drug maker Sanofi-Aventis SA says it has agreed to buy US healthcare company Chattem Inc. for about $1.9 billion in cash in a a deal it said would create the world's fifth-largest consumer healthcare company.Paris-based Sanofi-Aventis says it will offer $93.50 per...
Sanofi,Chattem
103
2009-35-21
Monday, 21 Dec 2009 07:35 AM
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