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Sanofi Denies Pursuing ImClone

Stock quotes in this article: SNY , IMCL , BMY  

Sanofi-Aventis(SNY Quote) said it doesn't have any plans to try to acquire biotech outfit ImClone(IMCL Quote).

The company made the comments to Reuters after a published report said it had been interested in pursuing the acquisition.

Sanofi-Aventis said it hasn't made a bid and doesn't intend to. ImClone said recently that it received a $36-a-share takeover proposal from a major pharmaceutical firm, but that director Carl Icahn wouldn't support the deal, leading the potential acquirer to walk away. ImClone didn't name the company. ...

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