Thursday, February 10, 2011

Sanofi-Aventis net profit slumps on restructuring

[AP] – Sanofi-Aventis said Wednesday that hefty new restructuring costs caused its net profit to slump 64 percent in the fourth quarter, amid continued uncertainty over the fate of its nearly $20 billion bid for U.S. biotechnology firm Genzyme Corp.
Originally posted from Sanofi-Aventis net profit slumps on restructuring http://bit.ly/dSaT2y

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