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Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi’s executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters. The decision marks the first important management change taken since Paul Hudson became chief executive of Sanofi on Sept. 1, as he prepares to give pointers about his vision for the company next month. Hudson and his teams are engaged in a strategic review and are expected to unveil the company’s priorities for the coming years at an investor day …read more […]

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UPDATE 1-Blackstone gives Unizo more time to respond to buyout offer

Blackstone Group said on Friday it had extended the deadline for Japanese hotel operator Unizo Holdings to respond to the buyout firm’s $1.6 billion offer. Blackstone said in a statement that it would provide an additional update by Wednesday. Blackstone last month emerged as a bidder for Unizo and warned the company it would launch a tender offer or explore other options if Unizo did not agree to its proposal. …read more […]