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Sanofi-aventis Successfully Completes The Acquisition of Chattem, Inc.
Date:3/11/2010

those conversions.  I look forward to working with Zan Guerry and the Chattem leadership team, who will play a key role in the performance of our Consumer Health Care activities."

"The entire Chattem team is excited to serve as the base for sanofi-aventis' U.S. consumer healthcare business and looks forward to capturing the significant growth opportunities," said Zan Guerry, Chief Executive Officer of Chattem. "This acquisition creates substantial benefits for our employees, customers and the city of Chattanooga."

Effective after market close on March 10, 2010, Chattem's common stock ceased trading on the NASDAQ Global Select Market.  

The transaction is expected to be accretive to sanofi-aventis' earnings as early as year one.  This acquisition will allow sanofi-aventis to optimize and retain the full value of a future Allegra® switch to an OTC product.  Also, the Group expects to obtain significant revenue synergies through the expansion of Chattem's products into currently untapped geographic markets where sanofi-aventis has a strong operating presence.


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