My Thought On Genzyme + Sanofi-Aventis

The potential acquisition of Genzyme by Sanofi-Aventis reminds me of Anheuser-Busch’s takeover by Belgium’s InBev. Anheuser-Busch did not want to get taken over and resisted hard at first. It took some time and Anheuser-Busch eventually agreed to be acquired by InBev in a “friendly” deal. I see this same scenario playing out with Genzyme + Sanofi-Aventis. If Genzyme does not agree to a “friendly” deal with Sanofi-Aventis, then it will be gloves off at Sanofi-Aventis and they will go hostile. What can Genzyme do? Not much, shareholders will force Genzyme management to eventually sell out to Sanofi-Aventis or the highest bidder. It’s just a matter of time…