Markets & Finance

Aventis Rejects Bid from Sanofi-Synthelabo

Aventis (AVE) reportedly rejects a 47.8 billion euros hostile takeover offer from Sanofi-Synthelabo (SNY). (1/26)

Seacoast Financial Services (SCFS) agrees to be acquired by Sovereign Bancorp (SOV) in all-stock deal valued at about $1.1 billion. Terms: 1.4610 SOV shares per SCFS share (subject to collar valuing each SCFS share at about $35.00). (1/26)

Luxottica Group (LUX) agrees to acquire Cole National (CNJ). Terms: $22.50 per share, same price for outstanding options and equity rights, for total of $401 million. (1/26)

EBay (EBAY) agrees to acquire, a German provider of online automobile classifieds, for about $152 million. (1/26)

Central Garden & Pet (CENT) agrees to acquire New England Pottery for $69 million. (1/26)

The Aging of Abercrombie & Fitch

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