Medivation Has Rejected Buyout Approach From Sanofi -Bloomberg
13 April 2016 - 7:43AM
Dow Jones News
Biopharmaceutical company Medivation Inc. (MDVN) has spurned a
buyout approach from Sanofi (SNY), Bloomberg News reported Tuesday,
citing people familiar with the matter.
In after-hours trading, Medivation shares were up 9.3% to
$49.99.
Reuters reported March 30 that Medivation was working with J.P.
Morgan Chase & Co. on reviewing takeover approaches, but had no
plans to sell itself.
Full story at
http://www.bloomberg.com/news/articles/2016-04-12/medivation-said-to-have-rebuffed-takeover-approach-from-sanofi
Write to nymonitoring@dowjones.com
(END) Dow Jones Newswires
April 12, 2016 17:28 ET (21:28 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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