Astellas Pharma extends all-cash tender offer of OSI Pharmaceuticals

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Astellas Pharma Inc.Mar 31 2010

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Astellas Pharma Inc. (TSE: 4503) announced today that it has extended its all-cash tender offer for $52 per share for all of the currently outstanding shares of common stock (including the associated stock purchase rights) of OSI Pharmaceuticals (Nasdaq: OSIP) to 11:59 p.m. New York City time on Friday, April 23, 2010, unless further extended. The tender offer was previously set to expire at 12:00 midnight New York City time on Wednesday, March 31, 2010.

As of 4:00 p.m. New York City time on Tuesday, March 30, 2010, 37,858 shares of OSI had been tendered in and not withdrawn from the tender offer.

Citigroup is acting as exclusive financial advisor to Astellas and Morrison & Foerster LLP is acting as legal counsel.

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Astellas Pharma Inc.

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Tags: Immunology, Neuroscience, Oncology, Pharmaceuticals, Urology

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