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Assuming a discount rate of 7.0% for large pharmaceutical companies, what do you estimate as Genzyme's intrinsic market value for the management scenario and the

Assuming a discount rate of 7.0% for large pharmaceutical companies, what do you estimate as Genzyme's intrinsic market value for the management scenario and the market scenario? Do you think Sanofi will prevail with the $69-per-share offer?

*By refer to the Sanofi-Aventis's Tender Offer for Genzyme

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