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Just worth flagging some corporate......>

EURO-DOLLAR
EURO-DOLLAR: Just worth flagging some corporate news that will impact EUR/USD
flows in the coming sessions.
- The following was run on Monday by BBG: "Sanofi is selling a stake in
Regeneron Pharmaceuticals Inc. valued at about $13 billion, giving the French
drug giant more firepower to invest in fast-growing fields such as cancer.
Regeneron has agreed to repurchase $5 billion of its stock from Paris-based
Sanofi, the companies said on Monday. Regeneron said that the French company
also plans to sell approximately 12.8 million shares, a holding worth more than
$7 billion based on Friday's closing price. That will mark the largest public
equity offering in the heath-care industry on record."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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