France News
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Sanofi May Need to Bid Up to $21.3 Billion to Win Over Genzyme Investors
Sanofi-Aventis SA may have to pay at least $80 a share, or $21.3 billion, to acquire genetic-disease drugmaker Genzyme Corp. as activist directors drive up the price, investors in the U.S. biotechnology company say.
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Rexel Plans to Pay Dividend Next Year If It Lowers Debt, Investir Reports
Rexel SA will pay shareholders a dividend next year if it lowers its debt, Investir reported, citing an interview with Chairman Jean-Charles Pauze .
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Nexans Sees Improved Second-Half Sales, Profit, Journal des Finance Says
Nexans SA expects to raise revenue and profitability in the second half of the year, even as the company faces uncertainty about production of underwater cables, Journal des Finances reported, citing an interview with Chief Executive Officer Frederic Vincent .
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ECB's Wellink Says Basel Bank Capital Rules are `Substantial,' NRC Reports
Dutch Central Bank President Nout Wellink, also chairman of the Basel Committee on Banking Supervision, says the new capital and liquidity rules for banks remained “substantial” even after they were softened, NRC Handelsblad reported, citing an interview with Wellink.
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