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Archive Home > 2008 > August > 01 > Bristol-Myers offers $4.5 billion for ImClone

Bristol-Myers offers $4.5 billion for ImClone


August 1, 2008

TRENTON, N.J. — Bristol- Myers Squibb Co. on Thursday offered $4.5 billion in cash for its cancer drug partner, biotechnology company ImClone Systems Inc., saying the two are “a natural fit.”

The proposal offers ImClone stockholders $60 per share, a 30 percent....

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