Sanofi-Aventis (NYSE:SNY): Closing price $48.90
On Monday, Regeneron Pharmaceuticals reported that it was notifiied by Sanofi under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 that it plans to buy common stock of Regeneron via open market purchases and also direct purchases from shareholders. Sanofi intends that the value of its ownership of voting securities of Regeneron stock will be more than the$500 million HSR Act notification threshhold. However, because of the investor agreement between the parties dated as of December 20, 2007 was amended, Sanofi may not acquire in excess of 30 percent of the outstanding shares of Regeneron’s class A stock and common stock.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
Learn More
There's always a bull market in some sector! Find the best opportunities in commodities.
Learn more
At last, a trading system that buys the right ETFs at the right time, time after time!
Learn more