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Zentiva accepts higher Sanofi takeover offer

Mon Sep 22, 2008 1:37am EDT

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PARIS, Sept 22 (Reuters) - French drugmaker Sanofi-Aventis (SASY.PA) said on Monday that Czech generics drugs maker Zentiva ZNTVsp.PR had accepted a higher takeover offer from Sanofi that valued Zentiva at around 1.8 billion euros ($2.6 billion).

Sanofi said it had raised its offer to 1,150 Czech crowns per share.

(Reporting by Sudip Kar-Gupta)



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