It had to offer significantly more per share than they initially wanted before triggering a top-up option to assume control over around 90 percent of its target company. Sanofi fought hard to takeover biotechnology company Genzyme in 2010. Sanofi-Aventis and Genzyme Corp, $24.5bn, 2010 But the dotcom boom meant the new AOL Time Warner lost over $200bn in value in less than two years. When AOL announced it was taking over the much larger and successful Time Warner, it was hailed the deal of the millennium. But now Pfizer is preparing to embark on a no-holds barred battle for the hostile takeover of Astra-Zeneca, so we look back at some of the biggest attempted takeovers of the past decade. Hostile takeovers have fallen out of favour in recent years, as confidence amongst corporate leaders shrank during the financial crisis.
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