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&lt;p&gt;Following months of haggling over price, the boards of French drug maker Sanofi-Aventis and Cambridge, M.A.-based biotech company Genzyme have finally agreed to a deal that will hand Genzyme over to Sanofi for a healthy $20.1 billion.&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/3cc29722-9183-4a68-9e77-d794a8e91ef4/00000208.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;238&quot; height=&quot;179&quot; align=&quot;left&quot;&gt;Advising on the deal -- and picking up some extremely rich advisory fees in the process -- were Evercore Partners and JPMorgan (on the Sanofi side) and Goldman Sachs and Credit Suisse (advising Genzyme).&lt;/p&gt;&lt;p&gt;As a result of the acquisition, &quot;Genzyme will become a global center for Sanofi in the study of treating rare diseases, and the deal will increase the French drug maker&amp;rsquo;s presence in the Boston area. Integration planning begins immediately.&quot;&lt;/p&gt;&lt;p&gt;No word yet on how many jobs will become redundant as a result of the deal. Sanofi-Aventis has over 100,000 employees, while Genzyme has about 12,000.&lt;/p&gt;&lt;p&gt;(Dealbook)&lt;/p&gt;

Derek Loosvelt

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