Buyout Buzz: Sanofi, Gilead rumors keep the fire burning under a boiling Tesaro buyout story
At this stage, there may be a few people left in biopharma who haven’t heard that Tesaro $TSRO has reportedly set itself up on the auction block in search of a nice, fat buyout offer. For those who like to keep tabs on M&A, we offer the latest word from StreetInsider that Sanofi $SNY is kicking the tires and talking price — which may start around $10 billion, or $185 a share.
But the plot thickens with word that Gilead — another deep pocket player with big ambitions — may also be looking to jump into the game.
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