Sanofi No Longer Interested in Bristol-Myers Squibb
According to Bloomberg News, the London Times is reporting (without naming source) that Sanofi-Aventis has decided not to pursue Bristol-Myers Squibb.
Sanofi Halts Takeover Talks With Bristol-Myers, Times Reports
This could be true but I don’;t think it changes the fact that BMS is looking for someone to merge with. Mark my words, before the end of this year, I think a merger for BMS is definitely in the cards. Again, I don’t personally think that approach is sound but think that is most likely what will happen.
Other Sources
Bristol falls, Sanofi rises on report - Yahoo! News
Technorati Tags: Bristol-Myers Squibb, pharma M&A, Sanofi-Aventis
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