Sanofi Letter to Medivation Board: Could Revise Offer Post Talks
Source: BFW (Bloomberg First Word)
Tickers
MDVN US (Medivation Inc)
SAN FP (Sanofi)
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UUID: 7947283
(Bloomberg) -- Sanofi sends letter to Medivation board, reiterates preference to engage to negotiate transaction.
Alert: HALISTER- Says believes offered Medivation a fair price
- Says purchase of Medivation is a priority for Sanofi
- Says it’s ready to meet with Medivation at any time
- Is committed to effecting purchase of Medivation
- Says shareholders support for transaction is “overwhelming”
- Will go to Medivation’s shareholders if board doesn’t engage
- Could be in position to revise offer after talks
- NOTE April 29: Medivation Rejects Sanofi’s Unsolicited $9.3 Billion Offer Link
Source: BFW (Bloomberg First Word)
Tickers
MDVN US (Medivation Inc)
SAN FP (Sanofi)
To de-activate this alert, click here
UUID: 7947283