Rumors French pharmaceutical giant Sanofi-Aventis SA is chasing a big U.S. acquisition have driven up shares of companies investors think might be a target. Shares of Allergan Inc. jumped as much as 9 percent, while Genzyme Corp. and Biogen Idec Inc. both were up at least 5 percent.
That's after a report by Bloomberg indicated that Sanofi Chief Executive Chris Viehbacher this week briefed his board at a special meeting, saying that the company is working on a deal for a major acquisition in the U.S.
The report says the deal is in the very early stages and does not identify the American company. A Sanofi spokesman in the U.S. says the company does not comment on market rumors. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
__._,_.___
*****************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
http://in.groups.yahoo.com/group/investwise/
INVESTMENTS IN INDIA
We are low-risk, long-term investors.
Stocks, mutual funds and the entire investment gamut. Only financing/investment avenues in India will be discussed.
For any assistance, questions or improvement ideas, contact investwise-owner@yahoogroups.co.in
****************************************************************
NEW! ==== Check our LINKS and FILES sections for a world of information. REGULARLY UPDATED.
NEW! ==== Check "Tracklist" in Links and Files sections for Investment Ideas.
****************************************************************
.
__,_._,___
No comments:
Post a Comment