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Genzyme in hostile takover bid by Sanofi-Aventis

French drugmaker Sanofi-Aventis has begun a hostile takeover of Massachusetts-based Genzyme.

The offer values the US biotechnology firm at $18.5bn.

It is the biggest hostile takeover attempt in the pharmaceutical industry for two years.

Juliana Liu reports from New York.

  • 04 Oct 2010
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