Sanofi shares down despite $13 billion Regeneron payday

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Regeneron (REGN) Prices 11.8M Share Registered Direct Offering by Sanofi (SNY) at $515/Sh

May 27, 2020 5:55 AM EDT

Sanofi (NYSE: SNY)today announced that it has agreed to sell 11.8 million shares of Regeneron, Inc. (NASDAQ: REGN) common stock through a registered offering at a price of $515.00 per share. As previously announced, Regeneron will repurchase 9.8... More