Nature Medicine | Spoonful of Medicine
Group hug for Sanofi-Aventis and Genzyme?
The rumor mill is ablaze with reports that the French drug maker Sanofi-Aventis will send a so-called “bear hug” letter before the week is through to Cambridge, Massachusetts-based Genzyme with a takeover bid offering close to $19 billion, or $70 per share. Bear hugs are generally friendly in tone (think Care Bears), but they often signal that a company is moving toward a more hostile conquest (think non-fictional bear contacts).
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