Description: Sanofi-Aventis SA, France’s largest drugmaker, got about $10 billion of underwritten loans to back its bid for U.S. biotechnology company Genzyme Corp., two people familiar with the situation said .

Source: Bloomberg.com
 
Date: 09/10/2010

Link: http://www.bloomberg.com/news/2010-09-10/sanofi-said-to-get-10-billion-loans-for-genzyme-bid.html

Questions for discussion:

• What does this report have to say about the financial state of some European banks and the firms they are financing?
• Do you think this report suggests that credit might not be as much of as problem as it has been since the crisis?
• How should other banks, borrowers, and investors respond to this report?
• What does this report suggest about current stock market valuations?