Regeneron (REGN +3.4%) spikes higher once again today on takeover chatter involving Sanofi (SNY...

|About: Regeneron Pharmaceuticals, ... (REGN)|By:, SA News Editor

Regeneron (REGN +3.4%) spikes higher once again today on takeover chatter involving Sanofi (SNY -1%). A spokesperson for the company declined to comment, on any takeover talks, noting that the two companies have a solid working relationship and have stated it would be advantageous to keep the relationship going as it is now, as separate companies. SNY is currently REGN's largest shareholder, with a standstill agreement in place that prevents SNY from acquiring more than 30% of REGN.