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Astellas launches $3.5 billion hostile bid for OSI

 
• By Simon Varcoe

Astellas has launched a tender offer to acquire OSI Pharmaceuticals, despite the cancer, obesity and diabetes-focused company having previously turned down discussion requests.

Astellas has launched a tender offer to acquire OSI Pharmaceuticals, despite the cancer, obesity and diabetes-focused company having previously turned down discussion requests.

Astellas will begin a tender offer on March 2nd to acquire all of OSI's outstanding common stock for $52 per share, or around $3.5 billion, in cash. The offer...

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