Mentor Launches Bid for Medicis

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Mentor Corp., a maker of breast implants and other medical devices, said it bid $2.2 billion bid for Medicis Pharmaceutical Co., turning an existing industry takeover battle on its head.


Official word of the proposal came on Sunday from Medicis, a Scottsdale, Ariz.-based drug maker embroiled in a bidding war of its own for another breast implant maker, Inamed Corp. Medicis said its board received an offer from Santa Barbara-based Mentor and unanimously rejected it.


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