As expected, Sanofi-Aventis continues in the same conditions its hostile bid made last October 4 on the U.S. Genzyme. The French laboratory which garnered only 0.9% of shares in the biotech United States after the expiration at midnight Friday for the first time, hopes to "give more time to holders of ordinary shares tender their shares to Genzyme to bid. "
New deadline brought to 21 January 2011
The new deadline is extended to January 21, 2011 at 23:59, New York time, "unless it is extended again," says Sanofi-Aventis. At 69 dollars per share, the offer values the group's pharmaceutical always Genzyme $ 18.5 billion. But the American judge that amount insufficient to launch formal talks with its suitor.In an interview, Henri Termeer, the head of the U.S. biotech estimated that $ 69 per share, the offer from Sanofi-Aventis "has no chance of success."
Disagreement on the valuation
The two parties disagree on the value of Genzyme rely mainly on the difficulties in assessing the speed with which the U.S. is recovering from serious production problems on two of its blockbuster drugs due to problems of contamination of one of its plants.
Another major stumbling block between the two groups: the estimation of future sales of its molecule Campath against multiple sclerosis.
To work around this particular problem, the boss Henri Termeer of Genzyme said he was open to the solution of the contingent value rights certificates, which allow shareholders to receive his company based on actual results of Campath an additional price, improving the offers French.Sanofi-Aventis, however, did not comment officially on this solution.
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After high-speed Internet, high-speed Internet. To download HD movies, watch television and surf the Internet at the same time, just go to fiber optics, which allows for Internet access up to 100 megabits (cons 20 megabits at best, with the ADSL).
Yet, only 100,000 households have subscribed to the Internet with fiber, while 967,000 homes are eligible. But 2011 should be the year of launch. France Telecom to Free via SFR and Bouygues Telecom, all operators deploy their networks.
In this race being waged between the operators themselves, two heavyweights have decided to join forces. Friday, SFR and Bouygues Telecom have announced they will jointly invest in the deployment of the fiber. SFR continues to invest 150 million euros per year as it has for three years.About Bouygues Telecom, it should invest hundreds of millions of euros every year.
Pooling networks
The agreement between the number two and number three in the market is good news for two reasons. On the one hand, this means that both groups will go twice as fast in the deployment of the fiber, and give a boost to the market. Furthermore, this agreement allows the deal to balance against the juggernaut Orange, which some fear that he recreates his former monopoly.
Simply put, the two operators will share their investments and pool the horizontal networks, that is to say, the fiber that passes under the sidewalks to the foot of buildings. Then, SFR and Bouygues Telecom will continue to offer separate commercial offers guaranteed high risk personal loans.
Bouygues, which launched in October Bbox its fiber, used so far the network Numericable which he is tenant.By signing this agreement with SFR, Bouygues shows his commitment and confirms that it wishes to remain permanently in the service of fixed and mobile telephony. Returned to the fixed Internet in mid-2008 with its Bbox and success of his crime ideo, Bouygues Telecom had 645,000 Internet subscribers in late September. The agreement "allows Bouygues Telecom, a new entrant in the Internet, becoming an actor full of fiber," said Olivier Roussat, CEO of Bouygues Telecom.
For his part, SFR, was already a major player in the deployment of fiber optics in France. But the agreement "strengthens its investment capability and deployment," said Frank Esser, CEO of SFR.
Note however that the agreement covers only the areas densely populated, is the twenty largest French cities, where the deployment of optical fiber is profitable.Still, the real problem facing operators today is not able to enter buildings without obtaining the vote in GA condominium. Failure to obtain such agreements, building after building, hundreds of millions of dollars they have invested continue to sleep under the sidewalk.
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Operation "Retaliation" ("Payback," in English) is launched. Many financial sites in conflict with Wikileaks made these days the subject of computer attacks, which consist of sites targeted flood of requests to block their function. This is particularly the case of Mastercard, whose website is unavailable for several hours Wednesday.
Supports Julian Assange, founder of Wikileaks, claimed in a Twitter message responsibility technological problems Mastercard. "We are pleased to announce that http://www.mastercard.com/ is down and this is confirmed," wrote on the social network a group calling itself Anon0ps and arguing against censorship.
American society has recognized experience "heavy traffic" on its website, saying she tried to restore service Wednesday."The technical problems of the site did not affect consumers who use their credit cards for secure transactions," the company said, which was suspended Tuesday its relations with Wikileaks, blocking donations for the site .
"This is a gel, not a confiscation"
Other U.S. companies such as Visa, Amazon.com, Every DNS or PayPal have also cut ties with Wikileaks. PayPal, which has encountered problems on its website Monday, but said it had received no pressure from the United States urging him to block the account of Wikileaks. "This is a gel, not a forfeiture," says the spokesman for the company. The suspension could last "180 days maximum."
Swiss PostFinance banking department of the Swiss Post, has also closed a donation account in favor of Wikileaks and took protective measures to counter a wave of attacks.
Mark Stephens, chief advocate of Assange in London, denied that the founder of Wikileaks has issued instructions to launch attacks against other websites.
These attacks are part of a wave of support for Wikileaks after the arrest of its founder, Julian Assange, which was delivered Tuesday to the Metropolitan Police. Currently detained in Britain, he tried to resist extradition to Sweden. The justice of this country wants to hear after the charges of rape and sexual assault brought against him by two Swedes.The website and e-mails of counsel for these two women were targeted by a cyber attack and the site of parquet (aklagare.se) was rendered inaccessible by the same pirates grouped in u group called Anonymous. "
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A third year of pay diet. The envelopes spent wage increases for 2011 should not exceed this year, 2.5% of payroll, said the investigation Cegos Les Echos on earnings released this Tuesday. This is less than in 2009, when companies were able to increase despite the crisis, their executives from 2.8%, and very far from 3.3% to 3.5% annual increases that prevailed these thirty years. "For a remuneration policy to be alive, the envelopes must be at least 3% of payroll, Fourmy said Michel, manager of human resources division Cegos in Les Echos free credit score. However, all businesses are in a sense of crisis. It is as if the system was frozen. "87% of HRD respondents planning to become more selective in awarding individual increases, while only 38% of firms expected general practice increases, against 48% in 2009 and 2010.
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The CAC 40, which closed higher Friday in a small, troubled by disappointing U.S. figures of unemployment could continue rising slightly on Monday in the wake of Asian stock markets globally changing up early this morning. Friday night, Wall Street also closed higher.
However, at 3750 points, the benchmark index of the Paris Stock Exchange fell below the key technical points of 3770/3780. What sets the CAC 40 in a fragile area, which could see it go to 3590 points. Above 3770 points, the trend pass again neutral in the short term.
Monday's meeting of finance ministers of the euro area is expected when the financial world is closely monitoring the slightest clue that might lead one to think that the crisis of sovereign debt spreads in Portugal and Spain, after Rescue of Greece and Ireland.The ministers will discuss the Fiscal Stabilization Fund, including France and Germany argue strongly that it becomes sustainable.
Meanwhile, the euro took a breather after being well up in recent sessions. Around 7:15, the euro lost 0.54% and 1.3342 dollar deals.
Hermes protects LVMH
The Hermes family announced the creation of a holding company owning more than 50% of Hermes International. An operation which aims to lock his participation after the end of October surprise burst of LVMH stake in this jewel of French luxury.
Areva larecapitalisation The first step in the French nuclear group is imminent, said Sunday the Minister of Industry, Eric Besson said that the sovereign funds of Kuwait and the French State will participate.Areva and EDF have also announced Friday night to have reached an agreement on the extension of the enrichment plant Eurodif (Drôme) until the entry into service of the Georges Besse II site.
Vivendi Vodafone is about to sell its 44% stake in SFR to Vivendi, which would allow him to buy five billion pounds (5.9 billion euros) of its own shares in 2011, wrote The Sunday Observer .
Siemens Alstom has signed a contract worth over 700 million euros to provide Eurostar trains. The operator of the Channel Tunnel traditionally commanded far from Alstom's TGV and the choice of German competitor had caused an uproar in the French government.
All operators Iliad Internet / Telephone / Television, like Free, will increase their prices under the pretext of the VAT hike.France will thus lose the original model invented by Free, who has catapulted among the world leaders in Internet access.
Maurel & Prom has announced that no traces of oil had been found in the exploration wells Kianika-1, on the field of Mandawa, Tanzania.
Eiffage Jean-François Roverato, Group CEO, intends to convince Wednesday its board of directors to appoint to succeed him, eventually, Peter Berger, director of Vinci.
The U.S. entertainment giant Walt Disney has sold its subsidiary Miramax. The legendary movie studios, created in 1979 by the Weinstein brothers then sold to Disney for $ 80 million in 1993, were again on sale since early 2010. Several buyers have expressed interest, including the founders Bob and Harvey Weinstein, backed by billionaire Ron Burkle U.S..
It is ultimately an investment group Filmyard Holdings LLC, which also includes Thomas J. Barrack Jr., Colony Capital LLC funds and Ronald Tutor, who bought the film studio for $ 663 million, Disney said in a statement.The Qatar Holding LLC, acting on behalf of the Government of Qatar and already has stakes in many companies, especially European, is also among the buyers.
The sale includes the sale of Miramax catalog, full of about 700 films that generate nearly 300 million dollars in revenue per year. Among them were many successes as The English Patient, The Piano, Pulp Fiction, The Aviator, Kill Bill, Shakespeare in Love … and not less than sixty three Oscars and Palmes d'Or at Cannes (Sex, Lies and Videotape, Pulp Fiction and Fahrenheit 9 / 11).
(With agencies)
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"Do not reassure the markets, we must take the necessary decisions," said this morning Jean-Claude Trichet at the microphone of RTL. In other words, the boss of the ECB believes more gestures than words. He proved it yesterday. The European institution has indeed made great ways Thursday to fight the debt crisis that is suffocating the euro area.
When the President of the European Central Bank held the reassuring to the markets, the institution has purchased massive amounts of debt securities of Irish and Portuguese States, the Financial Times. The British newspaper revealed on Friday that because the monetary institution was bought yesterday by increments of 100 million euros of government bonds Irish and Portuguese, for a total budget four times higher than the previous interventions.Meanwhile, Jean-Claude Trichet held a duiscours confirming the setting up of a redemption of securities of states "unlimited", but without giving any amount.
Interventionism necessary
Mechanically, these operations reduce the rate of borrowing and thus illustrate the effectiveness of speech … long opposed the use of such devices, described as "nuclear weapon" by the markets, the ECB had already bought for 67 billion euros of government debt in May.
Interviewed on RTL, Jean-Claude Trichet reiterated the need for the ECB to continue to intervene. The head of the Central Bank said the ECB had decided on Thursday to "continue to supply liquidity, over periods of one week, one month and three months of unlimited."The President also said: "We left the interest rate level which was that we had before the meeting, 1%, and we think that's what it takes to continue to give our citizens . Price stability is our mandate. " Jean-Claude Trichet estimates that the ECB has fully achieved the latter objective: "In twelve years since the creation of the euro, price growth has averaged 2%," he said, stressing that "price stability is essential for the poorest and weakest among us."
The euro is "no crisis"
In addition, Jean-Claude Trichet has assured that the euro was "credible" and not "in crisis as currency.""There are problems of financial instability that are due to a budget crisis in some European countries," he added.
Terms that are echoes those of German Finance Minister, Wolfgang Schäuble. In an interview with Les Echos, said he was "totally convinced" that it is possible to "maintain in the future the euro as its currency stable world."The German minister added that the single currency "is not only a big advantage for the Europeans," he said "the global economy as more and more interdependent, has an interest in a strong European currency."
Asked finally on the fact that Axel Weber could succeed him as head of the ECB, in a year, Jean-Claude Trichet said: "I have no comment."
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