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Sanofi Starts Tender Offer For Outstanding Chattem Shares

PARIS -(Dow Jones)- French drug company Sanofi-Aventis SA (SNY) Monday said it is commencing the tender offer for all outstanding shares in Chattem, Inc (CHTT). MAIN FACTS: - The tender offer through Sanofi-Aventis' wholly-owned subsidiary, River Acquisition Corp., for all outstanding shares of common stock of Chattem, Inc. is for $93.50 a share, net to the seller in cash, without interest and less any required withholding taxes. - The tender offer follows the previously announced Agreement and Plan of Merger, dated December 20, 2009. - The tender offer is scheduled to expire at 1200 midnight, New York City time, on February 8, 2010, unless the tender offer is extended. - By Paris Bureau, Dow Jones Newswires; +331-4017-1740; [email protected]

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