HALISTER: Medivation Rejects Sanofi’s Unsolicited Proposal

Medivation Rejects Sanofi’s Unsolicited Proposal

(Bloomberg) -- MDVN board unanimously rejects Sanofi’s offer of $52.50/shr in cash as it “substantially undervalues” the co.
  • MDVN says growth plan “far superior” to SAN FP offer
  • NOTE: MDVN said yday terms of public offer no different than private conversations, Link
  • NOTE: MDVN to report results next week
Statement Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MDVN US (Medivation Inc)
SAN FP (Sanofi)

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