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According to Reuters, Ablynx NV (ABLX) approached by Sanofi (SNY)

  • January 8, 2018


StockAblynx NVSymbolABLX
Date Announced01/08/2018Source Reuters
TypeUnsolicited BidAcquiring Company/Person Sanofi
Date of Confirmation: 01/29/2018Price at Confirmation: $53.65
Potential Profit: 38.92%Annualized Profit: 676.43%

Denmark’s Novo Nordisk (NVO), the world’s biggest maker of insulin, went public with a 2.6 billion euro ($3.1 billion) bid for Belgian biotech group Ablynx (ABLX) on Monday as it seeks to bolster its treatments for rare blood disorders.


January 29, 2018: French drugmaker Sanofi (SNY) has agreed to buy Belgian biotech company Ablynx (ABLX)  for 3.9 billion euros, beating Novo Nordisk (NVO) and marking its second big deal this month after buying Bioverativ.

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