.
MergerLinks Header Logo

New Deal


Announced

Completed

Bristol-Myers Squibb completed the acquisition of Celgene for $90bn.

Financials

Edit Data
Transaction Value£70,659m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales6x
EV/EBITDA15.5x
Share Price Premium51%
One Off Charge-

Synopsis

Edit

Bristol-Myers Squibb Company completed the acquisition of Celgene Corporation, a biotechnology company, for an equity value of approximately $74bn. Under the terms of the agreement, Celgene shareholders received 1.0 Bristol-Myers Squibb share and $50 in cash for each share of Celgene. Celgene shareholders also receive one tradeable Contingent Value Right for each share of Celgene, which entitles the holder to receive a payment for the achievement of future regulatory milestones. Bristol-Myers Squibb divested itself of Otezla, a psoriasis treatment owned by Celgene to win approval from regulators and help smooth the path for the companies merger. FTC conditionally approved the acquisition.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US