Top Bristol-Myers shareholder does not support $74 billion Celgene deal - Dealers Care

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Thursday, 28 February 2019

Top Bristol-Myers shareholder does not support $74 billion Celgene deal

(Reuters) - Bristol-Myers Squibb Co's top shareholder Wellington Management said on Wednesday that it did not support the U.S. drugmaker's $74 billion purchase of biotech Celgene Corp, saying the deal is too risky. Wellington Management owns about 8 percent of Bristol-Myers shares and was the largest institutional holder as of Feb.

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