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 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.
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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.
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Bristol-Myers bulks up cancer portfolio with $74 billion Celgene dealBristol-Myers Squibb Co said on Thursday it would buy Celgene Corp for about $74...
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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.
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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.
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