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By William Schomberg and Guy Faulconbridge LONDON (Reuters) - More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday. In a letter released by the Vote Leave group ahead of a June 23 referendum, the City bosses said getting out of the EU would help strengthen London's position as the only financial capital to rival New York. The investors said that while membership had been good for Britain and London since 1973, it no longer made sense as the EU had failed to support innovation and was now tied to a euro zone which many signatories feared was doomed.
By Matthias Blamont PARIS (Reuters) - Sanofi and its takeover target Medivation dug in for trench warfare on Friday, with the French drugmaker confident of winning over investors and the U.S. cancer firm insisting it was better off staying independent. Sanofi, which has a track record of winning hostile fights in the biotech sector, said it was ready to speak directly to Medivation shareholders about its spurned $9.3 billion offer. "While to date Medivation has chosen not to enter into discussions regarding this value-creating transaction, Sanofi remains committed to the combination," it said.