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Astellas Responds to OSI Pharmaceuticals' Rejection
Date:3/15/2010

Astellas' offer for $52.00 per share in cash represents a significant premium of 40% to OSI's unaffected closing stock price of $37.02 per share on February 26, 2010, the last trading day before Astellas made its offer public. The offer represents a 53% premium to OSI's three-month average of $34.01 per share and a 31% premium to its 52-week high of $39.66 per share as of the same date.

Citigroup is acting as exclusive financial advisor to Astellas and Morrison & Foerster LLP is acting as legal counsel.

Additional Information

All details related to this proposal can be found on www.oncologyleader.com

About Astellas


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SOURCE Astellas Pharma Inc.
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