Baxter international inc. (nyse:bax) entered into a definitive agreement to acquire seprafilm adhesion barrier unit of sanofi (enxtpa:san) for $350 million.

Baxter international inc. (nyse:bax) entered into a definitive agreement to acquire seprafilm adhesion barrier unit of sanofi (enxtpa:san) for $350 million on december 2, 2019. baxter international will acquire seprafilm adhesion barrier and its related assets and the consideration will be paid in cash. the transaction is subject to satisfaction of closing conditions and is expected to complete no later than first quarter of 2020. barclays plc acted as financial advisor to sanofi.
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