Sanofi Files Consent Solicitation To Remove And Replace Medivation's Board

(RTTNews) - Sanofi (SNYNF, SNY) announced that it has filed definitive consent solicitation materials with the U.S. Securities and Exchange Commission seeking to remove and replace each member of Medivation, Inc.'s (MDVN) Board of Directors with eight independent and highly-qualified candidates.

Sanofi said its nominees are committed to fully and fairly evaluating all of Medivation's strategic options, including Sanofi's acquisition offer, in accordance with their fiduciary duties to Medivation and its shareholders.

Sanofi is mailing a letter to Medivation's shareholders along with the definitive consent solicitation statement, which includes a WHITE consent card, providing Medivation shareholders the ability to demonstrate support for a transaction.