Medivation ‘could accept $14B Pfizer bid this week’: FT

August 22, 2016 7:56 AM

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Medivation ‘could accept $14B Pfizer bid this week’: FT

Move over Sanofi, your original $9.3 billion bid and even your second, sweetened offer has been blown out of the water by the $14 billion being put on the table by Pfizer--and Medivation’s CEO David Hung is set to pick that up with a smile on his face.

This is according to yet more people “familiar with the matter,” although this time they are talking to the U.K. newspaper the Financial Times, rather than newswire Reuters.

Also read: Kraft in swift reversal on Unilever bid, hitting shares

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