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Bristol-Myers Squibb Begins Tender Offer to Acquire Medarex, Inc.

Publication: Mergers & Acquisitions Business
Publication Date: 12-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Bristol-Myers Squibb Company (NYSE:BMY) is commencing today, through its wholly owned subsidiary Puma Acquisition Corporation, a cash tender offer to purchase all outstanding shares of common stock of Medarex, Inc. (NASDAQ:MEDX). Bristol-Myers Squibb announced, July 22 its intent to acquire Medarex.

Upon the successful closing of the tender offer, shareholders of Medarex will receive $16.00 in cash for each share of Medarex common...



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