That's like merging Deutsche Bank and Commerzbank. Guess 1-(-1) = 2
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Bristol-Myers Squibb to Acquire Celgene for About $74 BillionGlobal biopharmaceutical company Bristol-Myers Squibb will acquire Celgene in a cash and stock transaction for about $74 billion. $74 billion ~ Piece of C🎂KE for Bristol-Myers Squibb bmsnews $5.6 billion ~ All🔥 hell 🔥breaks loose
Source: WSJ - 🏆 98. / 63 Read more »
Here's why Bristol-Myers Squibb's record-breaking $74 billion biotech deal is facing investor backlashWall Street analysts questioned whether a combination would produce solutions to each of the two companies' problems.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bristol-Myers takes $74 bln bet against the marketThere are good reasons to buy rival oncology giant Celgene. But cost cuts don’t cover the 54 pct premium and the target’s owners get the financial benefit. Bristol is hoping for luck in the courts and multiple regulatory approvals that Celgene’s shareholders were skeptical of.
Source: Breakingviews - 🏆 470. / 51 Read more »