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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources
May 25, 2016 by admin · Leave a Comment
France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Sanofi has threatened to oust the board after Medivation rejected its unsolicited $9.3 billion acquisition offer late last month, taking advantage of a so-called 'written consent' rule that gives Medivation shareholders the…
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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources