【bg3 pass without a trace】Medivation sets eligibility date for shareholder consent on board revamp

PARIS (Reuters) - U.S. cancer drug company Medivation Inc set June 1 as the date to determine which of its shareholders are eligible to take part in giving written consent to remove and replace its board of directors,bg3 pass without a trace after French drugmaker Sanofi submitted a notice.

Sanofi named eight candidates to replace the entire board of Medivation last week, stepping up pressure on the U.S. cancer drug company which has rejected the French company's $9.3 billion takeover approach.

【bg3 pass without a trace】Medivation sets eligibility date for shareholder consent on board revamp


Sanofi said in a statement on Wednesday that the latest day the Medivation board can set the deadline, or the record date, is June 22.

【bg3 pass without a trace】Medivation sets eligibility date for shareholder consent on board revamp


After the record date, Medivation directors can be removed and replaced if shareholders of a majority of the outstanding shares agree to the proposal, it added.

【bg3 pass without a trace】Medivation sets eligibility date for shareholder consent on board revamp


(Reporting by Matthias Blamont, Dominique Vidalon; Additional reporting by Shalini Nagarajan in Bengaluru; Editing by Susan Fenton and Sandra Maler)


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