Supports Starboard Gauges for BMY-CELG Transaction – Bristol-Myers Squibb Company (NYSE: BMY)



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Starboard Value Activist Hedge Fund has asked an attorney-at-law to investigate the level of shareholder support for Bristol-Myers Squibb (NYSE: BMY) as part of its Celgene (NASDAQ: CELG) Purchase Agreement. reports $ 74 to Reuters.

Starboard has not yet decided whether it would oppose the transaction, but Bristol-Myers shareholders will vote in April.

The acquisition would be the largest pharmaceutical transaction ever concluded and would unite two major vendors of anti-cancer drugs.

Previously: Starboard would have taken a stake in Bristol-Myers Squibb (February 2, 2019)

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