Amylin is Said To Draw First-Round Bids of Up to $29/Share -Bloomberg

Date : 06/05/2012 @ 9:10AM
Source : Dow Jones News
Stock : Sanofi (SAN)
Quote : 65.62  -0.18 (-0.27%) @ 6:39AM
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Amylin is Said To Draw First-Round Bids of Up to $29/Share -Bloomberg

Amylin Pharmaceuticals, Inc. (MM) (NASDAQ:AMLN)
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Diabetes drug maker Amylin Pharmaceuticals Inc. (AMLN) drew four first-round bids valuing the company at $25 to $29 a share, with Pfizer Inc. (PFE) dropping out of the process, Bloomberg News reported Monday on its website, citing people with knowledge of the process.

AstraZeneca Plc (AZN), Sanofi (SNY), Merck & Co. (MRK) and Bristol-Myers Squibb Co. (BMY) submitted offers, with revised offers due by the end of the month and a sale likely in July, two people told Bloomberg.

Representatives for Amylin, Merck, Bristol-Myers, AstraZeneca, Sanofi and Pfizer declined comment to Bloomberg.

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-Dow Jones Newswires; 212-416-2900

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