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Certain institutional shareholders not happy with Bristol-Myers-Celgene tie-up
Feb. 20, 2019 2:36 PM ET|
About: Bristol-Myers Squibb C... (BMY)|By: Douglas W. House, SA News Editor

Bristol-Myers Squibb (BMY -0.3%) and Celgene (CELG -0.1%) are both off their intraday highs in the wake of reports that certain institutional shareholders, including Starboard Value and Dodge & Cox, lack enthusiasm for the planned merger.

Starboard intends to survey stockholders to gauge their support for the cash-and-stock transaction.

Update:
The WSJ reports that Starboard has nominated five potential directors, including CEO Jeff Smith, and has been meeting with BMY executives. It only owns ~1M shares of the ~1.6B outstanding so it will have to recruit many more shareholders if it wants to challenge the deal.
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https://seekingalpha.com/news/3435183-certain-institutional-…
 
aus der Diskussion: CELGENE ( CELG) > Biotech-Blue-Chip als LONGzeitinvestment mit großer Zukunftsperspektive !?
Autor (Datum des Eintrages): bernie55  (21.02.19 12:20:45)
Beitrag: 332 von 384 (ID:59930831)
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