AnorMED Recommends Rejecting Genzyme Offer
M&A activity seems to be picking up recently. Seems AnorMED does not want to be acquired by Genzyme.
I think this sets the stage for a hostile takeover. It rally depends on how much Genzyme wants to spend to acquire AnorMED. Agai, I think Genzyme will up its offer and that AnorMED will accept it.
Here is AnorMED’s pdf on rejecting the offer.
Technorati Tags: Anormed, Genzyme, pharma M&A, pharmaceutical deals
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