BMS to buy Imclone? |
News - Financial News | |||
Written by Hugh McManus | |||
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Bristol-Myers Squibb [NYSE:BMY] recently announced an offer to merge with Imclone Systems, Inc. [NASDAQ:IMCL] with an offer price of $60--a 37% premium over the previous day's close. The move is seen as an effort to shore up the pipeline of the New Jersey based pharmaceutical company.
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