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Bristol-Myers takes $74 bln bet against the market

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With the acquisition of Celgene, Bristol-Myers Squibb is taking a $74 billion bet against the market. rob_cyran

 

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Breakingviews - Bristol-Myers takes $74 bln bet against the market(Reuters Breakingviews) - Bristol-Myers Squibb is taking a $74 billion bet again...
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Bristol-Myers Squibb's $74 billion acquisition of Celgene would combine two troubled companiesHeavy debt, faltering in 2018, and cracks in the deal: Bristol-Myers Squibb's $74 billion acquisition of Celgene combines 2 troubled companies. That's like merging Deutsche Bank and Commerzbank. Guess 1-(-1) = 2
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