China's Ministry of Commerce Grants Clearance for BMP Sunstone and Sanofi-aventis Subsidiary Merger

BMP Sunstone Corporation BJGP announced today that China's Ministry of Commerce granted clearance for the transaction in which sanofi-aventis SNY will acquire all outstanding shares of BMP Sunstone Corporation. The acquisition is structured as a merger of BMP Sunstone and a wholly-owned subsidiary of sanofi-aventis. As previously announced, sanofi-aventis offered to purchase BMP Sunstone for cash consideration of USD 10.00 per share, or a total of approximately USD 520.6 million, on a fully diluted basis. BMP Sunstone's board of directors has unanimously approved the transaction.