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Healthcare group Sanofi offers to buy smaller peer Kiadis for 308 mln euros

PARIS, Nov 2 (Reuters) - French healthcare group Sanofi and its smaller peer Kiadis announced on Monday a takeover deal for Kiadis by Sanofi, valuing Kiadis at around 308 million euros ($358.4 million).

Sanofi will offer 5.45 euros in cash to buy out Kiadis, representing a premium of 272% to Kiadis’ closing share price on Oct. 30.

$1 = 0.8595 euros Reporting by Sudip Kar-Gupta Editing by Shri Navaratnam

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