Wednesday, May 30, 2007

Bioenvision's key shareholder opposes deal with Genzyme

(Reuters) - SCO Capital Partners LLC owns 13.4 percent of the biotechnology company's outstanding common stock as of May 3, 2007 according to a regulatory filing. On Tuesday, Genzyme said it had offered to buy Bioenvision for $5.60 a share or about a total of $345 million in cash. The deal would give Genzyme exclusive rights to clofarabine, a cancer treatment for children.






Read more at Reuters.com Mergers News

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