Friday, March 11, 2011

Gilead urges rejection of 'mini-tender' offer

Gilead Sciences Inc. advised its shareholders Friday to reject a “mini-tender” offer by TRC Capital Corp. to buy up to 3 million shares.
That amount would equal about 0.37 percent of the outstanding shares of Gilead (NASDAQ: GILD), the Foster City-based developer of HIV, respiratory and other types of drugs.

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