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  • redcobra8u redcobra8u Jun 15, 2011 1:42 PM Flag

    Dividend

    DJ Sanofi: 58% Of 2010 Dividend To Be Paid In Shares, 42% In Cash
    1:20 AM Eastern Daylight Time Jun 15, 2011
    PARIS (Dow Jones)--French pharmaceutical group Sanofi SA (SAN.FR) Wednesday said
    shareholders representing 58% of its shares opted to be paid the 2010 dividend in
    shares.
    On May 6, the company's shareholders approved a proposal to pay a 2010 dividend
    of EUR2.5 per share, with the option of payment either in cash or in new shares of
    the company, Sanofi said in a statement.
    The option period was open from May 16 to June 3.
    As a result of the option, the company will issue about 38 million shares, which
    represents about 2.9% of the company's capital. The new shares will be issued and
    the cash dividend will be paid on Thursday.
    -By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
    inti.landauro@dowjones.com
    (END) Dow Jones Newswires
    June 15, 2011 01:20 ET (05:20 GMT)
    Copyright (c) 2011 Dow Jones & Company, Inc.

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