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Zentiva rejects Sanofi-Aventis's offer

This article was originally published in Scrip

Executive Summary

Zentiva's board says the acquisition offer made by Sanofi-AventisEurope, a wholly owned subsidiary of Sanofi-Aventis, earlier this month underestimated its value and future prospects. The board recommended Zentiva's shareholders to reject the offer under which its shares were valued at CK1,050 ($71.40) each (Scrip Online, July 15th, 2008).


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