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Astellas extends OSI tender with an eye to short-form merger

 
• By Ian Haydock

Astellas has completed its initial tender bid for OSI Pharmaceuticals, but has launched a subsequent offer period in which it is hoping to raise its holding in the US firm to more than 90%.

Astellas has completed its initial tender bid for OSI Pharmaceuticals, but has launched a subsequent offer period in which it is hoping to raise its holding in the US firm to more than 90%.

Reaching this target would allow the Japanese company to complete the acquisition through a short-form merger, which would not require...

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