Astellas walks away from CV, after "white knight" Gilead stepped in with a $1.4B bid
Japanese drug major Astellas Pharma, which has been pursuing USA-based CV Therapeutics since last year, will not persist with its acquisition plan, saying it will not increase its offer of $16 a share, or $1.1 billion, for the firm after it accepted a $20 per share (totaling $2.4 billion) bid from fellow US company Gilead Sciences (Marketletter March 16).
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