Recommended Cash Tender Offer for MedImmune by AstraZeneca
Pursuant to the merger agreement with MedImmune, Inc. announced on 23 April, AstraZeneca PLC announces that its wholly-owned subsidiary, AstraZeneca Biopharmaceuticals Inc., today commenced a cash tender offer to acquire all outstanding shares of MedImmune’s common stock, par value $0.01 per share, at a price of $58.00 per share. The tender offer is scheduled to expire at 12:00 Midnight, New York