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Astellas gets 87pc of OSI shares

Friday, 4 June 2010


TOKYO, June 3 (Reuters): Astellas Pharma, Japan's No 2 drugmaker, said investors tendered about 87 per cent of OSI Pharmaceuticals' shares in response to its $4 billion bid for the US biotech firm.
Astellas was widely expected to gather enough shareholder support for the takeover after it sweetened its offer last month to $57.5 for each share.