French drug company Sanofi-Aventis Tuesday said it has completed its tender offer for all outstanding shares of common stock of Chattem, Inc (CHTT).

MAIN FACTS:

- As of the expiration time, approximately 18,611,072 shares of Chattem common stock were validly tendered and not withdrawn representing approximately 89.8% of the shares on a fully-diluted basis.

- All shares that were validly tendered and not validly withdrawn have been accepted for purchase.

- Chattem will become an indirect, wholly-owned subsidiary of Sanofi-Aventis.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; djnews.paris@dowjones.com
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