Sanofi Seeks Bids For $20B Consumer Arm By Mid-July; Advent, PAI Among Top Suitors; Blackstone, CD&R, CVC, And TPG Also Interested
Portfolio Pulse from Benzinga Newsdesk
Sanofi is seeking bids for its $20 billion consumer arm by mid-July. Top suitors include Advent, PAI, Blackstone, CD&R, CVC, and TPG.
June 25, 2024 | 4:53 pm
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Sanofi is seeking bids for its $20 billion consumer arm by mid-July, with top suitors including Advent, PAI, Blackstone, CD&R, CVC, and TPG.
The potential sale of Sanofi's consumer arm for $20 billion is a significant corporate action that could positively impact the company's stock price in the short term. The involvement of multiple top suitors indicates strong interest and potential for a favorable deal.
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