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Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:04 EDTSNY, LRLCYSanofi interested in buying back L'Oreal stake, Reuters reports
L'Oreal (LRLCY) holds a 9% stake in Sanofi (SNY). Buying it back could be "very accretive," although the idea remains speculative as the $12B holding isn't yet up for sale, says Sanofi CEO Chris Viehbacher, reports.Reuters. A deal could provide Sanofi with a beneficial lift as it seeks to return to growth after a tough 2013 that included problems in Brazil and a number of product setbacks. Reference Link
News For SNY;LRLCY From The Last 14 Days
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July 28, 2014
09:02 EDTSNYSanofi, InnerWorkings sign global marketing partnership
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July 21, 2014
07:11 EDTSNYInternational Society of DNA Vaccines to hold a conference
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July 16, 2014
09:03 EDTSNYSanofi held talks on mature drugs with Abbott, Mylan, PE firms, Reuters says
Sanofi (SNY) has shopped an $8.5B portfolio of mature drugs to Abbott (ABT), Mylan (MYL) and private equity firms, according to Reuters, citing an internal company document circulated by the CGT union. Sanofi is considering whether to sell, carve out or create a joint venture for the portfolio of about 200 drugs, but a Sanofi spokesman said no decision has yet been made, the report noted. Reference Link

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