Chiron Response to ValueAct Letter
March 15 2006 - 4:27PM
Business Wire
Chiron Corporation (NASDAQ:CHIR) today issued the following
statement in response to a letter received today from ValueAct
Capital: We continue to believe that ValueAct should want to meet
with Chiron's independent directors and management team to fully
understand the serious challenges facing the Company and to gain a
realistic perspective on our future prospects. Our independent
directors and management team continue to strongly recommend the
Novartis transaction and believe that it represents a full and fair
price and is a superior alternative for Chiron's public
stockholders to Chiron remaining a standalone company. About Chiron
Chiron delivers innovative and valuable products to protect human
health by advancing pioneering science across the landscape of
biotechnology. The company works to deliver on the limitless
promise of science and make a positive difference in people's
lives. For more information about Chiron, please visit
www.chiron.com.
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