Aventis and Sanofi announced on Monday they have agreed to merge, ending months of hostilities and government pressure against a potential third party bidder. The board of Aventis accepted a raised takeover offer from its smaller rival, who had upped its bid by 14 percent.
This move is expected to create the world’s third-largest drugs company behind U.S. giant Pfizer and Britain’s GlaxoSmithKline.
More Details about the merge are available Here .