Photographer: Krisztian Bocsi/Bloomberg

Sanofi to Spend $4.2 Million on Effort to Oust Medivation Board

  • French drugmaker offers $75,000 to each board nominee
  • Medivation warns shareholders against ‘devil’s bargain’

Sanofi expects to spend about $4.2 million in an attempt to get Medivation Inc. shareholders to oust the U.S. drugmaker’s board.

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