Sanofi to Acquire Ablynx for EUR3.9 Billion
29 January 2018 - 7:06PM
Dow Jones News
By Anthony Shevlin
Sanofi SA (SAN.FR) said Monday that it has entered into a
definitive agreement to acquire biopharmaceutical company Ablynx NV
(ABLX.BT).
The French pharmaceutical company said the aggregate equity
value of the acquisition is about 3.9 billion euros ($4.85
billion).
Sanofi will acquire all of the outstanding ordinary shares in
Ablynx, including shares represented by American Depositary Shares,
warrants and convertible bonds of Ablynx at a price of EUR45 per
Ablynx share, it said.
Olivier Brandicourt, chief executive of Sanofi, said the
acquisition builds on an existing partnership and that the company
intends to maintain and support the Ablynx science center in Ghent,
Belgium.
The transaction is expected to close by the end of the second
quarter.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
January 29, 2018 02:51 ET (07:51 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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