FAQ
Log In
Saturday 27th May 2017
News
 › 
 › 

BMS explores options

31st January 2007

US drugmaker Bristol-Myers Squibb has appointed top Wall Street bank Lehman Brothers to work alongside Citigroup and Morgan Stanley ahead of an expected takeover attempt from France's Sanofi.

The move paves the way for a bidding war for the US$51bn (€39bn) US company by attracting rival pharmaceuticals groups such as Pfizer, Schering-Plough and Merck.

Sanofi hasn't yet hired any bank to advise it, and may have been caught by surprise when its designs on Bristol-Myers Squibb were leaked to the media.

Sanofi's blood-thinning drug Plavix is marketed in the United States by Bristol-Myers Squibb.



Share this page

Comments

There are no comments for this article, be the first to comment!


Post your comment

Only registered users can comment. Fill in your e-mail address for quick registration.

Your email address:

Your comment will be checked by a Healthcare Today moderator before it is published on the site.

Article Information

Title: BMS explores options
Author: Sue Knights
Article Id: 1889
Date Added: 31st Jan 2007

Sources

The Financial Times

Recent Related Articles

Pharmaceutical firm ordered to pay compensation

Actions

Add to scrapbook
Show Comments
Add comment
Find all related articles

Tags

Mayden - Innovative cloud-based web development for the healthcare sector
© Mayden Foundation 2017