Sanofi-Aventis Buys BMP Sunstone for $520 Million

In a major transaction, Sanofi-Aventis will acquire BMP Sunstone for $520.6 million or $10 per share. The move gives Sanofi two recognized consumer healthcare brands in China, but just as importantly, it includes Sunstone’s well-established distribution network. Sanofi, the world’s fifth largest OTC healthcare company, has stated it wants to expand in emerging markets by acquiring consumer healthcare companies, adding to its portfolio of patented drugs. More details.... Stock Symbosl: (NYSE: SNY) (NSDQ: BJGP)