Sanofi today commented on Medivation, Inc.'s (NASDAQ: MDVN) rejection of Sanofi's non-binding all-cash proposal to acquire Medivation for $52.50 per share:
Combining Sanofi and Medivation represents a compelling strategic and financial opportunity to drive immediate and certain value for Medivation's shareholders while benefiting patients and both companies' respective stakeholders. Sanofi's all-cash proposal represents over a 50 percent premium to Medivation's two-month volume weighted average trading price (VWAP) prior to takeover rumors. ...show more
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