Genzyme signals it may up AnorMED bid

Genzyme is displaying fresh signs that it won't give up on its bid to acquire AnorMED. AnorMED says that Genzyme has signaled its interest in upping its bid past the $12 a share offer from Millennium. And having triggered a bidding war, AnorMED has indicated that its interest now is in boosting shareholder value and notes that Millennium will have a chance to counter any sweetened offer made by Genzyme. Genzyme set off the bidding war with its offer to buy AnorMED for $8.55 a share, a move that was quickly spurned by AnorMED.

- here's the report on Genzyme from CBC

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