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biopharm

09/07/17 11:26 AM

#311059 RE: Wernaaa #311057

No one knew or made public any Gilead offers to KITE shareholders

No one knows or being made aware of any offers towards Peregrine as well

...By mid-June the two CEOs, John Milligan and Arie Belldegrun, got into the act. And over the next 11 weeks the overture turned passionate enough for Milligan and Gilead to up their initial offer by about $5 billion.

There was an initial bid, which was stiffly rebuffed. The comeback with a sweetened offer was also rejected, but as the numbers grew larger — so did the interest in a buyout as Gilead turned from a spectator in the final leg of one of the most closely-watched development races in biotech to a jockey in the final stretch.
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