BMP Sunstone/sanofi-aventis
On October 28, 2010, sanofi-aventis (NYSE: SNY) announced an agreement to acquire BMP Sunstone Corporation (Nasdaq: BJGP) for $10 per share, or $520.6 million total.
The takeover represented a premium of 30% over the prior day's closing price.
The transaction is subject to the approval of the merger by BMP Sunstone stockholder's meeting, as well as the receipt of certain regulatory approvals in China and other customary conditions.
Stockholders controlling 23% of BMP Sunstone's shares on a fully diluted basis have committed to vote in favour of the transaction.
