Exhibit 99.6
Synthorx, Inc. - Employee Questions and Answers
1. | What was announced regarding the Company and Sanofi? |
Synthorx, Inc. (the “Company” or “Synthorx”) and Sanofi (“Sanofi”) have entered into a definitive merger agreement for Sanofi to acquire the Company at a price of $68.00 per share in a cash transaction, a significant premium over the previous trading price of the Company’s common stock.
Under the terms of the merger agreement, Sanofi will commence a tender offer (the “Tender Offer”) no later than December 23, 2019, to acquire all outstanding shares of the Company’s common stock.
2. | What is a Tender Offer? |
A description of the Tender Offer can be found below, under “About the Tender Offer”.
3. | Why does this agreement make sense strategically? |
The Company’s focus remains on, and our long-term vision continues to be, to prolong and improve the lives of people living with cancer and autoimmune disorders. Sanofi is a global leader in oncology and the treatment of autoimmune disorders, with a long and successful track record and the financial resources to develop our pipeline of drug candidates and use our platform to develop new drugs.
4. | When is the transaction expected to close? Is there anything that could stop it? |
The transaction is expected to close in the first quarter of 2020. As with any company acquisition, the proposed transaction can only happen if Synthorx stockholders tender a sufficient number of shares in the Tender Offer and other conditions pursuant to the merger agreement are satisfied or waived.
5. | How will the transaction with Sanofi affect the employees of the Company? |
The Company and Sanofi will continue to operate as separate, independent entities prior to the closing of the proposed transaction, and until that time it is business as usual for both companies. You will maintain your current reporting structure and, except as indicated below, your compensation and job responsibilities will remain unchanged prior to the closing of the transaction.
As with any combination involving two companies, there is the possibility of overlaps in existing job functions that may result in some changes in duties and workforce reductions. We will communicate new information when it becomes available, and we will provide answers to questions as soon as possible once decisions are made.
6. | Will I receive my 2019 bonus and a salary increase for 2020? |
The Company intends to distribute annual bonuses for 2019 and make merit-based salary increases for 2020.