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Sanofi Price Range for Genzyme as High as $80-a-Share

Sanofi-Aventis SA Chief Executive Chris Viehbacher provided a possible price range of $69 to $80 a share to buy Genzyme Corp. at a Sept. 20 meeting with the U.S. company’s chief, Genzyme said.

Henri Termeer, the Genzyme CEO, declined to agree to the range, Cambridge, Massachusetts-based Genzyme said in a regulatory filing yesterday. Sanofi today denied making such a proposal. “We offered no price range and Genzyme continued to refuse to engage with us on valuation,” Sanofi spokesman Jean-Marc Podvin said by telephone today.