Friday, February 25, 2011

Sanofi-Aventis (NYSE: SNY) acquires BMP Sunstone (NASDAQ: BJGP) for $ 10/share

Sanofi-Aventis (SNY) announced the consummation of the previously announced merger with BMP Sunstone (BJGP), following a special meeting held today.

BMP Sunstone will provide a portfolio of products for the Chinese market, including pediatric and women’s health products sold in pharmacies throughout China.

According to the announcement, with “the closing of the merger, BMP Sunstone common stock will no longer trade on the NASDAQ Global Market following today's market close and will be delisted.
Morgan, Lewis & Bockius LLP served as counsel to BMP Sunstone. Stephens Inc. acted as financial advisor to BMP Sunstone. Shearman & Sterling LLP served as counsel to sanofi-aventis. Morgan Stanley acted as financial advisor to sanofi-aventis.”

The press release is available: here

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