07:28 AM
Sanofi-Aventis (SNY) to acquire consumer healthcare firm Chattem (CHTT) for $1.9B, or $93.50/share in cash - a 34% premium to Friday's close. The transaction creates the world's No. 5 consumer healthcare company by revenues, combining Chattem's leading U.S. with Sanofi-Aventis' strong international presence in the sector.
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