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BUSINESS
December 18, 1987 | Associated Press
A. H. Robins Co. said Thursday that it has received a new buyout proposal from Sanofi, a French pharmaceutical firm. Sanofi, a unit of Paris-based petroleum giant Elf Aquitaine, has offered to provide funding to meet Robins' court-ordered obligation to provide $2.5 billion for women injured by the Dalkon Shield. Under the proposal, Sanofi also would seek the right to acquire a controlling interest in Robins, the company said.
BUSINESS
December 18, 1987 | Associated Press
A. H. Robins Co. said Thursday that it has received a new buyout proposal from Sanofi, a French pharmaceutical firm. Sanofi, a unit of Paris-based petroleum giant Elf Aquitaine, has offered to provide funding to meet Robins' court-ordered obligation to provide $2.5 billion for women injured by the Dalkon Shield. Under the proposal, Sanofi also would seek the right to acquire a controlling interest in Robins, the company said.
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