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Biogen Idec extends and defends bid against Facet's claim of higher value
20 October 2009
Eleanor Malone

eleanor.malone@informa.com

Biogen Idec has extended its hostile bid for Facet Biotech by two months after the original offer expired on October 19th. By close of trading on October 15th, fewer than 1% of Facet's shareholders had tendered their shares, Biogen Idec revealed. Facet has reiterated its recommendation that shareholders...



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