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 Posted: Thu, Jul 31 2008, 8:42 am EDT Post subject: Bristol-Myers Offers to Buy ImClone for $4.5 Billion |
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BMY offers to buy IMCL for $60/share. IMCL is quoting more than $65/share now!?
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Bristol-Myers Offers to Buy ImClone for $4.5 Billion
By AP | 31 Jul 2008 | 08:14 AM ET
Drug developer Bristol-Myers Squibb said it plans on buying biotechnology company Imclone Systems for about $4.5 billion in a cash deal.
The deal, for $60 per share, marks a 30 percent premium to New York-based ImClone's closing price of $46.44 Wednesday. New York-based Bristol-Myers already owns about 17 percent of ImClone.
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http://www.cnbc.com/id/25944971 |
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| Posted: Fri, Aug 1 2008, 6:08 pm EDT Post subject: Re: Bristol-Myers Offers to Buy ImClone for $4.5 Billion |
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| IMCL closed at $65.34 a share today. The buy offer is at $60 a share. Are investors (or speculators) expecting a $70 per share buyout? |
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