Thursday, July 31, 2008

Bristol-Myers Offers $4.5 Billion for ImClone

Dear Carl,
You were right all along. ImClone was worth a lot more than people thought. How about $60 a share, and we’ll call it a deal? Let’s talk.
Sincerely,
Jim
Bristol-Myers Squibb offered to buy ImClone Systems, maker of cancer drug Erbitux, for $60 a share, or about $4.5 billion this morning. The companies, which jointly market the [...]

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