Astellas Ups Ante In $3.5B Hostile Bid For OSI

By Erin Marie Daly (March 1, 2010, 4:15 PM EST) -- Japanese pharmaceutical giant Astellas Pharma Inc. has taken a guns-blazing approach to its $3.5 billion hostile takeover bid for OSI Pharmaceuticals Inc., launching a lawsuit accusing the Melville, N.Y.-based company and its directors of breaching their fiduciary duties by shunning its advances....

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