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BioMarin Pharma (BMRN) Trades Higher After Pfizer (PFE) Wins Medivation (MDVN) (SNY)

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Pfizer (PFE) Near Deal to Acquire Medivation (MDVN) for $14 Billion

August 22, 2016 12:33 AM EDT

Pfizer (NYSE: PFE) is near a deal to acquire Medivation (NASDAQ: MDVN) for just shy of $14 billion in cash, or about $80 per share, according to various media reports late Sunday. A deal could be announced as soon as Monday.

The offer comes at a sharp premium to the $52.50 per... More