Sanofi sells Regeneron stocks

Sanofi sells Regeneron stocks

Sanofi creates a chain reaction among pharma companies.

Yesterday, the pharmaceutics giant Sanofi announced that it plans to sell its shares in Regeneron Pharmaceuticals.

Sanofi bought the stocks in 2004, and it owns approximately 23.2 million shares, which means 20.6% of Regeneron. The latter itself wants to repurchase its shares worth $5 billion. The overall value is $13 billion. The decision came shortly after Regeneron stocks reached an increase of 57% in the past six months.

Goldman Sachs and Bank of America will be the underwriters of the transaction, which will comprise of $3.5 billion in cash and $1.5 billion from Goldman itself.

If Sanofi manages to sell its stake in the company, it will be the most significant public offering in the health-care industry ever made. The money Sanofi will get from the transaction will go to "further our ability to execute on our strategy to drive innovation and growth" as the company wants to expand its research in oncology.

According to the companies, their partnership won’t stop as they have drugs in development.

The move made by Sanofi backs-up the rumor that it might repurchase a 9.4% stake in L’Oreal SA. By extension, it means that L’Oreal could buy back the 23% stake that Nestle owns from it.

Regeneron stock price lost 5% in pre-market trading. Sanofi dropped by 1%.

We know that the world is now in a precarious situation, and everybody rallies to find a cure against the novel virus. That's why we decided to give investors the possibility to trade on some of the most important pharmaceutical companies in the world that showed promising results in their search for a viable treatment. Using Capex.com, you can trade the Corona Blend made up of Johnson & Johnson, Pfizer, Gilead, Sanofi, Regeneron, Moderna, and Vir Biotechnology.

Sources: reuters.com, yahoo.com, seekingalpha.com


La información presentada aquí está preparada por CAPEX.com y no pretende constituir un asesoramiento de inversión. La información aquí se proporciona como una comunicación general de marketing con propósitos solo de información, y como tal, no se han preparado de acuerdo con los requisitos legales diseñados para promover la independencia de un estudio de inversión, y no está sujeto a ninguna prohibición para hacer frente con antelación a la diseminación de los análisis de inversión.

Los usuarios / lectores no deben confiar únicamente en la información presentada aquí y deben hacer su propia investigación / análisis leyendo también la investigación subyacente real. El contenido adjunto es genérico y no tiene en cuenta las circunstancias personales, la experiencia de inversión o la situación financiera actual.

Por lo tanto, Key Way Investments Ltd no aceptará ninguna responsabilidad por las pérdidas de los comerciantes debido al uso y el contenido de la información presentada en este documento. El rendimiento pasado no es un indicador confiable de resultados futuros.