Sanofi Healthcare Bidders Revising Offers Over Talc Concerns [BNN Bloomberg (Canada)]
Sanofi - American Depositary Shares (SNY)
US:NYSE Investor Relations:
sanofi.com/en/investors
Company Research
Source: BNN Bloomberg
French pharmaceutical company Sanofi had asked suitors to revise their proposals for the Opella business, Bloomberg News reported earlier this week. The new bids may exclude parts of the Gold Bond business, a brand that historically sold talc-based products, or seek to leave any future legal risks with Sanofi, said the people. A number of consumer health companies that make talc-based powders have faced lawsuits in the past related to the cancer risks from asbestos. Talc is mined from the earth, and most talc deposits naturally contain asbestos. A spokesperson for Sanofi said Gold Bond powders were free of asbestos. “Sanofi relies on a history of high-quality sourcing, manufacturing, and scientific testing to support that its Gold Bond powders never contained asbestos,” the spokesperson said by e-mail. “Any such claims, which have been previously disclosed, lack scientific support.” €10 Billion Debt The new bids may imply lower valuations and a smaller debt package to reflect
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SNY
Sec Filings
- 10/2/24 - Form 6-K
- 9/24/24 - Form 6-K
- 9/13/24 - Form 6-K
- SNY's page on the SEC website