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Medivation rejects Sanofi offer

Read time: 1 mins
Last updated: 30th Apr 2016
Published: 30th Apr 2016
Source: Pharmawand
Medivation, Inc. announced that its Board of Directors, after consultation with its financial and legal advisers, unanimously determined that the unsolicited proposal from Sanofi to acquire Medivation for $52.50 per share in cash substantially undervalues Medivation and is not in the best interests of the company and its stockholders.
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