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Friday, September 10, 2010

Genzyme Investors Push for Sanofi Bid of $75 a Share

Sept. 9 (Bloomberg) -- Sanofi-Aventis SA may need to raise its bid for Genzyme Corp. to at least $75 a share, or about $19.1 billion, to gain support from board members at the U.S. biotechnology company, including those loyal to investor Carl C. Icahn, according to a person familiar with the process. Bloomberg's Shannon Pettypiece talks with Carol Massar. (Source: Bloomberg)

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