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Replies to #893 on Biotech Values
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DewDiligence

01/20/04 1:54 PM

#894 RE: Biowatch #893

[OT] Re: "Sanofentis"

>> Jobs affect political programs and funding in the U.S. also, but these days labor is a much stronger force in France than it is here.<<

Such concerns were cited as a reason against the merger between Total and Elf Aquitane, yet that deal eventually got done. The “labor” issue may be a canard to cover for the intransigence of the Bettencourt family, which has a controlling stake in L’Oreal.