UBS Reiterates Buy on Pfizer (PFE) Following a Meeting with Management

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Go back to UBS Reiterates Buy on Pfizer (PFE) Following a Meeting with Management

Pfizer (PFE) Closes Medivation (MDVN) Acquisition

September 28, 2016 8:51 AM EDT

Pfizer Inc. (NYSE: PFE) today announced the successful completion of its acquisition of Medivation, Inc.(NASDAQ: MDVN). As of the tender offer expiration, 115,574,041 shares of Medivation common stock were validly tendered, representing approximately 69.1% of the shares outstanding and have been accepted for payment under the terms of the tender offer for $81.50 per share in cash, without interest, subject to any required withholding of taxes. In addition, notices of guaranteed delivery have been delivered for 17,659,861 shares of Medivation common stock, representing approximately 10.6% of the shares outstanding. Following its acceptance of... More