Sanofi-Aventis (CSNY +1.2%) will acquire Chinese drug marketer BMP Sunstone (BJGP +28.2%) for...

|About: BMP Sunstone Corp. (BJGP)|By:, SA News Editor

Sanofi-Aventis (CSNY +1.2%) will acquire Chinese drug marketer BMP Sunstone (BJGP +28.2%) for $521M in cash, or $10/share. Sanofi says the deal will expand its footprint in China, where BMP markets two leading consumer health care brands. The offer represents nearly a 30% premium over BMP's Tuesday closing price of $7.66. (PR)