Paris – February 23, 2018 – Sanofi announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), applicable to Sanofi’s proposed acquisition of Bioverativ Inc. (“Bioverativ”, NASDAQ: BIVV) has expired.
On February 7, 2018, Sanofi commenced a tender offer (the “Offer”) to purchase all outstanding shares of common stock of Bioverativ (the “Shares”) for $105 per share in cash, without interest thereon and net of any required tax withholding. As a result of the expiration of the waiting period under the HSR Act, the condition to the Offer relating to antitrust approvals has been satisfied.
The consummation of the Offer remains subject to various conditions, including the tender of at least a majority of the Shares outstanding immediately prior to the expiration of the Offer, redelivery of a tax opinion delivered at signing, and other customary conditions described in the Offer to Purchase filed by Sanofi with the U.S. Securities and Exchange Commission (the “SEC”) on February 7, 2018.
The Offer is scheduled to expire one minute past 11:59 p.m., New York City time, on Wednesday, March 7, 2018, unless the Offer is extended in accordance with the Merger Agreement and the applicable rules and regulations of the SEC. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, and the Solicitation/Recommendation Statement on Schedule 14D-9 filed by Bioverativ, are available to all holders of shares of Bioverativ at no expense to them. The tender offer materials are available for free at the SEC’s web site at www.sec.gov. Additional copies may be obtained for free by contacting Sanofi at firstname.lastname@example.org or on Sanofi’s website at https://en.sanofi.com/investors.