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Elf Aquitaine's Sanofi merges with Synthlabo

Executive Summary

In a merger of France's second and third largest pharmaceutical companies, Elf Aquitaine's Sanofi drug unit ($19bn market cap) and L'Oreal SA's Synthlabo ($10.5bn market cap) will form a new drug company called Sanofi-Synthlabo (S-S).
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Acquisition
    • Payment Includes Stock
    • Full Acquisition

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