HALISTER: Pfizer Said to Near $14 Billion Deal to Buy Medivation: FT

Pfizer Said to Near $14 Billion Deal to Buy Medivation: FT

(Bloomberg) -- Deal could be announced as early as Monday, FT reports, citing unidentified people close to the talks.
  • Expected to pay ~30% premium to MDVN’s last close
  • Beats other suitors inc. Celgene, Gilead, Sanofi
  • NOTE: MDVN last closed at $67.16
    • Reported offer for MDVN at 30% premium would be ~$87.31: Bloomberg calculation
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
PFE US (Pfizer Inc)
MDVN US (Medivation Inc)
CELG US (Celgene Corp)
GILD US (Gilead Sciences Inc)
SAN FP (Sanofi)

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