Sanofi says any offer for Horizon Therapeutics, if made, will be in cash

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French drugmaker Sanofi said on Friday that if it decides to bid for biotech company Horizon Therapeutics Plc , it would do so in cash.

, if made, would be in cash, as required by Rule 2.12 of the Takeover Rules," Sanofi said in a statement.

UBS said in an analyst note that a deal "would be doable and would not screen badly in terms of P&L impact", but it was debatable whether it should be done.

 

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