Deal activity expected to increase in face of rare French hostile takeover as Sanofi purchases rival Aventis
April 28, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Paris M&A lawyers are forecasting an upturn in deal activity after Linklaters client Sanofi-Synthelabo at the weekend secured its landmark hostile takeover of rival Aventis, in one of the largest deals to ever be forged in the French market.
The bid, which brought in most of the top names in the Paris legal community, was accepted by Aventis on Sunday (25 April) valuing the company at € 55.3bn (£36.74bn).
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